Energy bills will rise marginally in January, Ofgem has announced.
The average annual energy bill will rise by 0.2% in January, despite wholesale costs falling, Ofgem has announced.
Major forecasters Cornwall Insight had predicted a 1% drop – but the energy regulator has moved in the opposite direction.
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Between January and March, the typical annual dual fuel bill will be £1,758 – up from the current £1,755 cap.
This equates to an average monthly increase of around 28p.
Wholesale energy prices, which make up the largest portion of the cap, have fallen by 4% over the past three months, but remain unpredictable due to events around the world.
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