The energy regulator Ofgem has announced a higher-than-expected increase in the energy price cap with energy bills rising by £111 for a typical household per year. The announcement follows the January energy price cap increase,

Energy bills are set to rise by 6.4% from April, Ofgem has confirmed. The average bill will increase to £1,849 from April. It is the third consecutive rise to the energy price by cap the regulator. The new figure represents a 6.

The current energy secretary, Ed Miliband, said that the "worrying" £111 a year increase in typical bills from April was due to a "global spike in gas prices" though pledged that as the Labour Party works toward net zero by 2030, that this will help deliver on their campaign promise of slashing household bills by £300.