Jump to contentAllNewsSportCultureLifestyleEnergy regulator Ofgem has raised its price cap by four per cent, bringing the average annual household energy bill to £1,723. The £60 annual increase equates to an extra £5 per month for typical households using both gas and electricity. Money saving expert Martin Lewis clarified on Good Morning Britain that the price cap increase only applies to standard variable tariffs. Consumers currently on fixed energy deals will not be affected by the price cap rise until their existing contracts end. The price cap increase comes as households face heightened financial pressure from energy bills ahead of the winter season. In fullOfgem price cap rise: Martin Lewis reveals who will be hit by higher energy billsMore 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

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.