The average annual energy bill in England, Scotland and Wales will rise to £1,738 per year from January, putting more pressure on household finances – at a time when cold weather drives up demand for energy.

Household energy bills are set to soar again as the price cap is hiked to £1,738 a year.

Energy regulator Ofgem has said a change to the energy price cap means bills for an average household will rise next year

Ofgem has today announced the January-March 2025 Default Tariff Cap (price cap) at £1,738 a year for a typical dual fuel consumer.

National Energy Action chief executive Adam Scorer is calling on the government to take steps now to help strugging households with their energy bills.

EDF’s price cap forecasting service predicted earlier this week that today’s announcement from Ofgem would see the cap go up by £19 from 1 January 2025.

The price cap is rising by 1.2% from January 1, meaning the average dual fuel household paying by direct debit will see their annual bill go up from £1,717 a year to £1,738 - an increase of £21.

Th energy price cap for the first quarter of 2025 has been raised by 1.2%, according to a statement on Friday by Ofgem, meaning that the average household could pay up to £1,738 a year on average for electricity and gas.

BBC presenters Charlie Stayt and Rachel Burden briefly paused their hosting duties to hear the latest update from their colleague Peter Ruddick

Energy regulator Ofgem has today announced a 1.2% increase of the energy price cap for the period covering January-March 2025.

The warning from the ITV and BBC star comes as the UK energy price cap will rise in January, as per the Ofgem announcement today.

The BBC Sounds podcast host and ITV star spoke out as the announcement of the UK’s energy price cap for January 2024 was made today (Friday).

The cost to heat your home will rise again next year

The energy giant, which is rivalled by OVO, EDF, EON and Octopus, spoke out after the Ofgem confirmation on Friday.

Energy regulator Ofgem has announced that the energy price cap will rise by 1.2 per cent from 1 January 2025 - increasing electricity and gas bills for people across the UK

Make sure you have checked what your own and other energy companies are offering in the way of fixed tariff deals

Energy experts reckon households can use foil to ensure they are maximising their fuel efficiency.

Laura Court-Jones, energy expert at comparison site Bionic, has revealed four heat loss hotspots around the home you'll want to address as soon as possible to save money on bills this winter.