UK energy prices set to increase for many from April onwards

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Energy prices for millions of Britons will likely rise from April after the energy regulator said it would increase its cap on the most widely used tariffs by around 9.2 percent.

The rise was needed due to an increase in wholesale energy prices over the past few months and as energy suppliers would be allowed to begin recouping costs relating to the coronavirus pandemic, regulator Ofgem said.

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