3 sources·Business

Energy Prices Increase for Households Amidst Ongoing Economic Struggles

The latest rise in energy bills places additional financial strain on UK households as winter approaches, with experts warning of a new norm in pricing.

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Updated: Nov 22nd, 2024, 5:58 AM ET

Summary

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Energy bills are set to rise for the second time this winter, now averaging £1,738 for typical households. Despite some price reductions forecasted for 2024, the energy market remains volatile. The latest increase highlights the ongoing struggle for many families, particularly vulnerable groups, as they cope with rising costs amidst a cold winter. The government is urged to provide more targeted support for those affected. Experts warn that high energy prices may be the new normal, calling for consumers to explore various tariffs to alleviate financial pressure.

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