Impact of both price hikes could leave many households worse off by more than €250 a year

Families being squeezed by rising prices face a fresh blow today as the energy regulator is set to announce a £200 rise in annual bills.

The average household using both electricity and gas will see an increase of about £18 per month.

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Households are set to pay an additional £221 each year

“Ongoing conflict in the Middle East is impacting the price we pay for energy,” the head of the U.K.’s energy regulator said.

A typical household would see bills rise by £221 a year, but homes on fixed tariffs are not affected.

Impact of both price hikes could leave many households worse off by more than €250 a year

The news will sharpen the debate on household supports ahead of the budget

Electric Ireland also announced a 7.7% rise in the cost of domestic gas

Costs keep rising but we don’t see contingencies in place