Follow @This Is Money for more 💷 It had been expected that energy bills would fall in the new year - but the regulator OFGEM has announced the price cap will instead RISE by 0.2%. Experts at Cornwall Insight had said ahead of the announcement that they believed the price cap would drop by 1 per cent because of lower wholesale energy prices. But Ofgem said today that for an average household paying by direct debit for gas and electricity, the overall bill would now rise to £1,758 per year - up £3 from £1,755. #costofliving #energybills #news #winter #coldweather