Ofgem has confirmed household energy bills are to rise again from January 1 as it announced a 1.2% increase to its price cap. The regulator said the increase would see the typical bill for a household in England, Scotland and Wales increasing from £1,717 to £1,738-a-year, or by around £1.75-a-month.
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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.
00:06A major announcement this morning affecting consumers across the UK.
00:11Ofgem has confirmed that household energy bills are to rise again from the 1st of January
00:18as it announced a 1.2% increase to its price cap.
00:23The regulator said the increase was a typical bill for a household in England, Scotland and Wales
00:29increasing from £1,717 to £1,738 a year or by around £1.75 a month.
00:41This follows the price rising by 10% in October.
00:45Tim Jarvis of Ofgem said he understood that the cost of energy remains a challenge for many households.
00:53My name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.