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

Ofgem will announce the upcoming price cap for typical gas and electricity usage for the October to December period

Analysts are expecting household bills to increase after the Middle East conflict affected wholesale prices.

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.