Households face greater than expected rise in Ofgem price cap after Europe’s gas storage levels slump, analysts say

Millions of households face a greater than expected increase to their energy bills of £85 a year from April after Europe’s gas storage levels slumped, according to analysts.

The average gas and electricity bill for households across England, Scotland and Wales is expected to rise by nearly 5% from April to £1,823 a year for a typical household under the energy regulator’s price cap.