MILLIONS OF BRITONS FACE HIGHER ENERGY BILLS AS PRICE CAP RISES 6.4%

Millions of Britons will pay higher energy costs from April after regulator Ofgem said its domestic price cap would rise 6.4% due to soaring wholesale energy prices. That would be the third consecutive quarterly increase and a blow for the government, which had made reducing energy bills one of its aims. It comes after higher-than-expected inflation figures for January.

Ofgem's new cap of 1,849 pounds ($2,334.18) a year for average use of electricity and gas is up 111 pounds, or 6.4%, from 1,738 pounds under the previous cap.

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