Billpayers in England woke up on New Year’s Day to upward adjustments in energy prices, with further increases slated for the second quarter of the year.
Ofgem, the industry regulator — similar to the Nigerian Electricity Regulatory Commission (NERC) — removed the price cap, raising the typical bill per household for gas and electricity to £1,738 a year, up front £1,717.
The new rate is almost double the pre-Covid levels and is expected to rise by another 3 percent in April 2025.
Meanwhile, bus fare has also increased from £2 to £3 per day for single trips.
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The fare was capped at £2 by under the Conservative government in the wake of the cost of living crisis.
The new £3 cap will be in place for the whole year on most bus journeys in England.
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