How much will you pay?
Those who pay their energy bills through direct debt should see no change in January 2023 with the average annual bill remaining at £2,500.
In comparison, prepayment customers will experience an average increase from £2,559 to £2,579 a year. Those paid on receipt of the typical bill will have an increase from £2,715 to £2,754.
Households on Economy 7 tariffs are likely to be hit with the most drastic changes as they pay two different rates for their electricity depending on the time of day.
Among the energy suppliers that will be passing on this update to their customers are Scottish Power, EDF, British Gas, Bulb and Shell have all confirmed to the BBC that they would be passing on the changes allowed by the Government in full to customers.