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The rate change will add around £35 a year to the average annual power bill for nearly half a million households
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It has launched an in-depth investigation into the deal
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Bulb is the only supplier to reduce energy bills after a fall in wholesale gas costs
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It follows an increase in tariffs by the Big Six suppliers and some smaller companies after Ofgem’s energy price cap rise
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The total annual dual fuel bill will average at around £1,192 for under 10,000 customers
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The news follows price rises confirmed by all the Big Six companies after Ofgem announced an increase in the energy price cap from April
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It is the last Big Six energy company to announce the hike in bills following Ofgem’s price cap increase
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It is the fifth energy supplier to announce a hike in tariffs after Ofgem’s energy price cap increase
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Around four million customers will be affected from April
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Around one million customers will see their bills rise by £117 a year on average
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Around 1.3m customers will see prices increase by £118 a year on average
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Around 1.8m customers will see an increase of £117 on their energy bills
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