Full list of household price hikes in April as energy cap drops

Households all across the UK will see their bills rise sharply from April on the backdrop of soaring energy bills.

On Monday Ofgem announced it was lowering the price cap to £3,280 from the current £4,279 - a reduction of almost £1,000.

While this may appear like good news households will actually see their energy bills rise by an average £500 a year. This is because at the same time the government's Energy Price Guarantee is rising by 20% to £3,000 for a tpyical household.

And when the upcoming end of the £400 energy rebate scheme is factored in, the energy cost for households will increase even more.

However energy bill are not the only thing rising from April. Here's a breakdown of all the price increases you should keep your eye out for in the spring...

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Under current rules, telecom companies can raise their prices in line with inflation plus around 4 per cent. The rate of CPI for December or RPI for January are generally used to factor this change.

For December, the CPI rate stood at 10.5 per cent with some companies going with this increase plus 3.9 per cent - equating to a 14.4 per cent increase. Meanwhile, the RPI for January stood at 13.4 per cent, paving the way for rises as high as 17.3 per cent with additional increases factored in.

While the Energy Price Guarantee introduced by the government will be increased from £2,500 to £3,000 from April 1, energy bills could increase by more. On February 27, Ofgem confirmed that the price Cap will drop from £4,279 a year to £3,280 for the average household.

However, customers will pay roughly 20 per cent more on their bills (£500) due to the EPG