Households in Great Britain face 4% rise in energy bills to average of £1,723 from October – business live

Gas and electricity bills rise by £60 on average to highest level in three years

There is no relief in sight for January, with bills forecast to rise a further 9% in the new year, according to analysts at Cornwall Insight.

This would raise a typical household bill to £1,872 a year, £149 higher than the £1,723 October price cap announced today, under Ofgem’s revised definition of average consumption, which took effect in July.

There are still fixed deals available that can help households get ahead of rising energy costs. While the government’s temporary VAT cut will provide some relief, it’s worth remembering it applies to fixed tariffs too. For households concerned about what their bills might look like this winter, fixing now could provide certainty, protection from future price cap increases and potentially significant savings.