"Gas and electricity prices will rise by 2% for millions of households under the latest cap announced by energy regulator Ofgem. The increase, which is slightly more than analysts expected, means a household using a typical amount of energy will pay 1,755 a year, up 35 a year on the current cap. The increase will kick in at the start of October, which campaigners say will mean another winter of relatively high energy bills. Ofgem's cap sets the maximum price that can be charged for each unit of gas and electricity for millions of households in England, Scotland and Wales."
"Anyone on means-tested benefits will automatically receive the 150 Warm Home Discount on their bills. Some previously did not qualify owing to the size of their property, but that condition will be scrapped. All billpayers will chip in to fund this extra support, mainly through higher standing charges - the fixed cost of connecting to the supply. It means standing charges will typically rise by 4% for electricity and 14% for gas."
Ofgem's price cap will increase by 2% from the start of October, raising the typical household bill to 1,755 a year, an increase of 35 annually. The cap sets maximum unit prices but total bills depend on individual energy use; households can estimate changes by adding 2 onto every 100 currently spent. The rise reflects higher wholesale and transport costs and additional government-funded consumer support measures for winter. Means-tested benefit recipients will automatically receive a 150 Warm Home Discount, with eligibility expanded. Funding for the discount will come from all billpayers, mainly via higher standing charges.
Read at www.bbc.com
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