"The energy price cap increase from 1 January means millions of households across the UK will be paying more for their bills in the new year. The new price cap has been set at £1,738, a 1.2 percent increase from the previous three months, marking the second rise in a row, with further increases expected later in the year."
"Set by regulator Ofgem, the energy price cap is the maximum amount energy suppliers can charge for each unit of energy for those on a standard variable tariff, which includes most households. The latest price cap is 10 percent or £190 lower than a year earlier, and 57.2 percent or £2,321 less than during the energy crisis, which was fuelled by Russia's invasion of Ukraine in February."
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