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Energy Bill Price Hike Takes Effect as Record Numbers Struggle With Debt

A £94 increase to the average household energy bill has come into effect after Ofgem increased its price cap in response to rising wholesale prices.

The regulator’s price cap has risen by 5% from the previous £1,834 for a typical dual fuel household to £1,928, driven almost entirely by rising costs in the international wholesale energy market due to market instability and global events, particularly the conflict in Ukraine.

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Written by indialevel

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