The snow is falling – our bills are not.
Mid-winter Energy costs are rising from January for 34 million customers on tariffs regulated by the official price cap. But why is this happening despite wholesale prices actually falling?
Friday’s energy price cap announcement brings average annual bills to £1,758 in January, a small rise of just 28p a month, but wholesale prices have dropped 4%. So why are we paying more for energy?
From January, an average bill contains £12 a year to pay for building the Sizewell C nuclear power plant.
ITV News Consumer Editor Chris Choi explains what you need to know.
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