UK Energy Bills to Rise Slightly Driven by Policy Costs
The energy price cap will rise 0.2% to £1,758 from Jan. 1, Ofgem said.>
Photographer: Chris Ratcliffe/BloombergUK energy bills will nudge higher in January as costly government policies keep bills elevated despite falling prices in the wholesale market.
The 0.2% increase underscores the balancing act when funding an unprecedented overhaul of the country’s electricity system by tacking fees onto customer bills. It comes just days before Chancellor Rachel Reeves seeks to lower overall costs for households in the upcoming budget.