Ofgem’s increase is third consecutive rise in energy price cap on gas and electricity charges

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The average energy bill for households in Great Britain will rise by £111 from April to £1,849 a year for a typical household, after the energy regulator announced the third consecutive increase in the cap on gas and electricity charges.

Ofgem last raised the cap in January by 1.2% to a rate equivalent to £1,738 a year as freezing temperatures across Europe depleted gas stores and drove market prices higher.