Energy price rises: Price cap rises by nearly £100 to £1,928

Man turning white radiator down
The energy price cap has risen to £1,928 until March 31 meaning millions could now face higher bills (Image credit: Getty Images)

Energy price rises are set to continue as Ofgem has announced the energy price cap has increased by 5%.

The announcement by the energy regulator Ofgem will mean typical energy bills will rise from the current cap level of £1,834 to £1,928 from the 1st of January. This rate will remain until March 2024 when a new cap is set.

Jack Woodfield
News Editor

Jack has worked in journalism for 11 years and is the News Editor for Homebuilding & Renovating, a role he has had since 2019. He strives to break the most relevant and beneficial stories for self builders, extenders and renovators, including the latest news on the construction materials shortage and hydrogen heating. In 2021 he appeared on BBC's The World at One to discuss the government's planning reforms. 

He enjoys testing new tools and gadgets, and having bought his first home in 2013, he has renovated every room and recently finished a garden renovation.

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