Energy bills are set to hit a three-year high after Ofgem said the energy price cap will rise 4% in October, driven by higher wholesale gas prices because of the Iran war.
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Energy bills are set to hit a three-year high after Ofgem said the energy price cap will rise 4% in October, driven by higher wholesale gas prices because of the Iran war.
It means the average household will pay £60-a-year more. The impact will be cushioned by the government cutting VAT on electricity from October, but many face a long, cold winter, too scared to turn their heating on.
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Business, Economy, Ofgem, UK, UK
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