Household energy bills are predicted to rise at the start of next year as higher gas and electricity prices push up the regulator’s price cap.
Ofgem is to expected to reveal on Friday that a typical household’s dual-fuel energy bill will rise by £19, or 1 per cent, to £1,736, according to Cornwall Insight, the energy consultancy.
This is higher than the current price cap, which increased last month to £1,717 a year for a typical consumer.
Cornwall Insight had earlier predicted a fall to £1,697 but it said that this was no longer the case because “forecasts show that prices will be staying relatively high for the remainder of winter”.
It said that prices were still expected to fall slightly in both the second