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Energy bills to hit three-year high as Ofgem announces another rise
Jump to contentAllNewsSportCultureLifestyleOfgem will reveal the level of the annual energy price cap for the three months from October to December (Yui Mok/PA) (PA Archive)Energy regulator Ofgem is raising the price cap by 4 per cent from 1 October, increasing the average annual household bill to £1,723. The £60 annual increase marks the highest average energy bill for households in England, Scotland and Wales since July 2023. Higher international wholesale gas prices caused by Middle East conflicts and European heatwaves are driving up costs. Energy Secretary Miatta Fahnbulleh stated that the Government has cut VAT on electricity bills from October to help cushion the rise for families. Ofgem has urged consumers to look into fixed-rate tariffs or smart meter options, which could offer savings of £100 or more below the new cap. In fullUK homes face winter energy squeeze as Ofgem reveals 4% price cap riseMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
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independent.co.uk
Households set to learn how energy bills will change as Ofgem reveals new cap
Regulator Ofgem will on Wednesday reveal the level of the annual energy price cap for the three months from October to December.
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Households brace for winter energy squeeze as Ofgem to reveal October price cap
Analysts are expecting household bills to increase after the Middle East conflict affected wholesale prices.
