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UK household energy bills may near £2,000 a year from January
The regulator-set price cap is set to rise 4% from Thursday, lifting the typical dual-fuel annual bill by about £6, according to the article.
Household energy bills in Great Britain are forecast to reach about £1,999 a year for the typical household from January, with the expected jump of £276 taking the bill to nearly £2,000 a year, The Guardian Business reports.
The article says the price cap increase will affect roughly 20 million households in England, Scotland, and Wales that are on variable tariffs set by Ofgem, and that the cap rises by 4% from Thursday, lifting the typical annual dual-fuel bill by about £6.
The Guardian Business also highlights practical steps households can take, including switching energy tariffs to a well-priced fixed deal as the biggest lever for those on the price cap, citing Richard Neudegg, director of regulation at Uswitch.
The piece notes that insulating and other measures may help mitigate the predicted price shock as bills head higher in January.