The energy price cap was introduced by the Government in January 2019 and sets a maximum price that energy suppliers can charge consumers in England, Scotland and Wales for each kilowatt hour (kWh) of energy they use.
Household energy bills are set to rise again in April, according to a forecast from energy consultancy Cornwall Insight.
Ofgem changes the price cap for households every three months, largely based on the cost of energy on wholesale markets, with the regulator due to confirm the level for April to June on February 25.
Dr Craig Lowrey, principal consultant at Cornwall Insight, said: “Households have been hit hard over the past few months, and with bills set to rise for a third consecutive time the pressure is not letting up.”.
But prices are still “more volatile than it has been in quite some time, and households are bearing the brunt of cold weather and low gas storage levels across Europe,” Mr Lowrey said.
