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Energy regulator Ofgem confirmed today that energy bills will be going up again in January by 0.2% after it announced its new price cap. The regulator says that energy bills will go up by about 28p a month for the average dual-fuel household in England, Scotland and Wales.

This amounts to an average overall bill of £1,758 per year for those on a default tariff , up from the current £1,755. The unexpected increase comes after experts at Cornwall Insight said they expected prices to fall by 1% because of lower wholesale energy prices.

Ofgem said wholesale prices were currently stable and had fallen by 4% over the past three months, but that conditions remained “volatile”. Tim Jarvis, director general of markets for Ofgem, said: “While energy prices have fallen in real ter

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