British energy regulator Ofgem said its price cap for average household energy bills would rise to 4,279 pounds ($5,170.74) a year from January to the end of March 2023.

Households, however, will not pay this amount as Ofgem's price cap has been superseded by a government backed price guarantee set at 2,500 pounds a year for average consumption until the end of March 2023. ($1 = 0.8275 pounds) (Reporting by Yadarisa Shabong in Bengaluru and Susanna Twidale in London; Editing by Anil D'Silva)