Ofgem energy price cap to rise to highest level since January 2024, final forecasts claim

Ofgem energy price cap to rise to highest level since January 2024, final forecasts claim
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Ofgem energy price cap to rise to highest level since January 2024, final forecasts claim
Author: Albert Toth
Published: Feb, 18 2025 14:37

Summary at a Glance

National Energy Action Chief Executive Adam Scorer said: “This will be a third successive increase in energy bills, coming after three years of abnormally high energy bills.

Ofgem sets the energy price cap every three months to establish the maximum amount that consumers can be charged for each unit of energy in the UK.

The average cost of energy bills is set to rise five per cent to £1,823 from April according to the final forecast from trusted research group Cornwall Insight.

Energy secretary Ed Miliband recently wrote to Ofgem to urge them to crack down on soaring costs ahead of the expected price rise.

Energy price cap forecast to rise for a third consecutive term in a blow to consumers.

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