Household energy bills are set to rise from October after Ofgem announced a 4% increase, taking typical annual costs to their highest level in three years.
The energy regulator said a household using a typical amount of gas and electricity will pay £60 more over the course of a year under the new level.
The rise will affect households that use both gas and electricity at typical consumption levels, according to the regulator’s figures. The increase comes into effect from October.
Ofgem’s announcement means energy costs will remain a significant pressure on household budgets, with the latest change adding to annual bills for typical users.
The latest position is that bills for a typical household are due to increase by £60 a year once the 4% rise takes effect in October.
