Energy bills to rise by more than £100 for 15m households as price cap lifted

Ofgem’s decision on default tariffs and prepayment meters down to rising wholesale costs

Around 15m households will see their energy bills increase by more than £100 a year from April after the regulator Ofgem said it was lifting two price caps because of rising wholesale costs.

Consumer groups said the rise was a “bitter blow” for people who thought the cap would stop their bills from rising.

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from The Guardian http://bit.ly/2GeDIbp

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