According to Ofgem, with the new increase the ceiling is 67 pence (77.7 euro cents) per kilowatt hour for electricity and 17 pence (19.7 euro cents) for natural gas.
By Thanasis Gavou
The maximum charge per kilowatt hour that energy companies can impose on the bills of British households from next January has been announced by the competent regulatory authority in the United Kingdom.
According to Ofgem, with the new increase the ceiling is 67 pence (77.7 euro cents) per kilowatt hour for electricity and 17 pence (19.7 euro cents) for natural gas.
This means that the annual bill for a typical energy consumption by an average household will rise to £4,279 (€4,960).
However, British households are protected by the “energy price guarantee” announced by the government. The guarantee is valid from 1 October and keeps the typical annual energy bill at £2,500 (€2,898). This charge will increase from April to 3,000 pounds (3,475 euros) per average household.
Despite the fact that households will not bear the full increase in the charges on their bills, the cost of the energy price guarantee scheme to the UK government could now exceed £38bn over 18 months, according to the Institute for Fiscal Studies .
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