Energy bills for the average household in Britain are projected to rise substantially in only a few months after this week’s price cap announcement from Ofgem. Households are being urged to prepare for the pending hike in costs but how much will you pay and when does this price increase kick in? How much are energy bills rising and when will costs go up? The typical household will see their energy bills go up by £149 later this year. This comes following a period of lower gas and electricity prices in 2024 following a multi-year period of soaring energy costs. Families should expect this incre…