Households face unexpected rise in energy prices in new year
NegativeFinancial Markets
- Ofgem has revealed that gas and electricity prices will see a 0.2% increase in January due to a change in the price cap, impacting household budgets unexpectedly.
- This increase is significant as it adds to the financial strain on consumers who are already grappling with rising living costs and inflation.
- The situation reflects a broader trend of fluctuating energy prices globally, with similar issues observed in regions like Ontario, where rising gas prices have negated savings from carbon pricing changes.
— via World Pulse Now AI Editorial System
