Energy bills set to rise by £202 as millions warned over price cap increase

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Energy bills set to rise by £202 as millions warned over price cap increase.

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Close to 12 million UK households are set to see their energy bills increase from July 1 following a projected rise in the price cap.The increase is linked to a forecast 12 per cent rise in the Ofgem cap, with typical annual bills expected to climb from £1,641 to £1,843.Research by Uswitch suggests many households are unaware of the changes.The findings indicate 63 per cent of homes on standard tariffs do not realise prices are expected to increase, while a further 17 per cent believe their bills will fall.

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TRENDING Stories Videos Your Say Around two‑thirds of households said a 10 per cent rise would affect their finances, with one in 10 saying they would need to use savings to cover higher costs.

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Another 17 per cent said they would reduce spending on essentials such as food and transport.Younger households reported greater financial pressure.Nearly a fifth said they would need to find additional income to manage rising bills, and around 11 per cent expected to fall into debt.More...

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