The price cap sets a maximum limit on how much you can be charged for each unit of gas and electricity you use, as well as the daily standing charge

Regulator Ofgem will on Wednesday reveal the level of the annual energy price cap for the three months from October to December.

It comes as energy bills are expected to rise again this winter and, with Ofgem set to announce its next price cap on Wednesday, early analysis makes for grim reading

It marks the highest average bill since July 2023

The price cap rise will push bills to their highest since July 2023

The price cap taking effect from October 1 will rise by 4% for a typical household using gas and electricity.