Six household bills getting more expensive this year - including water and energy
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Brits are set to be hit with even more price hikes to their household bills this year in a major blow for struggling households. Last year, April was coined "awful April" as Brits faced a rise to a whole raft of their everyday bills. and sadly, this year, it is set to be the same. The increases come at a time when many across the country are already feeling the pinch from the ongoing cost of living crisis. Households are set to see rises to their council Tax, broadband and mobile contracts, energy bills, and TV Licence - to name just a few. Here’s a rundown of six household bills set to rise over the next few months.
Ofgem's energy price cap rose by 1.2% on January 1 this year, bringing the average energy bills for a typical dual-fuel household paying by direct debit to £1,738 per year, up from £1,717. However, bills are predicted to rise again in April when the price cap changes again.
The energy price cap is updated quarterly and limits the amount suppliers can charge per unit of energy but does not cap total bills, as charges are based on actual usage. According to fresh predictions from consultancy firm Cornwall Insight, the price cap could rise again by another £24 - or 3% - to £1,762 in April.
Cornwall Insight says its prediction is based on “economic and geopolitical factors,” including the ongoing war in Ukraine, Donald Trump's reelection as US President, and “question marks over effects on economic growth in general.” It's worth keeping in mind that these are just predictions and Ofgem will not confirm its April price cap until February 25, 2025, at the latest.
