The energy price cap will be increasing to £1,723 a year for the typical household for people who aren’t on a fixed tariff and pay by Direct Debit in England, Scotland and Wales

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

Ofgem said today that the energy price cap will rise by £60 per year - or £5 per month - to £1,723 for the average household using both electricity and gas if this level was…

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.

Ofgem announced that the energy price cap will rise by 4 per cent from October 1