Brief by Shorts91NewsDesk / 07:00am on 26 Feb 2025,Wednesday International
Energy bills for UK households are set to rise to £1,849 annually starting April, marking a £159 increase from last year. This rise, driven by increased wholesale gas prices, is the third consecutive hike by the energy regulator, Ofgem. Only households on fixed-rate tariffs will remain unaffected for now, with over four million people having secured fixed rates since November. The increase comes amid higher demand for gas in Europe, exacerbated by colder weather. While a slight reduction in bills is anticipated in July, forecasts remain volatile due to the ongoing energy crisis. Other costs, including council tax and water bills, are also rising in April.
