Households in the UK could see their energy bills increase by 5% from January 2024 when the energy markets regulator Ofgem is expected to raise the so-called energy price cap, consultancy Cornwall Insight said in a forecast on Thursday. The UK has a so-called Energy Price Cap in place, which protects households from high bills by capping the price that providers can pass on to them. The cap was raised a few times last year after wholesale energy prices, especially the price of natural gas, surged in the spring and summer…
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