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Energy bills set to rise for millions of Britons as regulator ups cap

Reuters  |  LONDON 

By Susanna TwidaleLONDON (Reuters) - Energy bills are set to rise for millions of households in Britain after the country's energy regulator gave the green light to suppliers to increase bills by more than 10 percent from April 1. Ofgem was tasked by parliament last year to set a limit after lawmakers said customers were being overcharged for electricity and gas. Prime Minister Theresa May had called the tariffs a "rip-off".Ofgem, which reviews the price cap every six months, said it needed to allow suppliers to charge more as wholesale energy contracts, used to help formulate the cap level, ...

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First Published: Thu, February 07 2019. 18:20 IST