The cost of energy for British consumers will rise by 80% from October, regulator Ofgem says, as it warns new prime minister will need to act further
- Full story; Ofgem raises energy price cap by 80% to £3,549 from October
Ofgem also warns that the market for gas in winter means that “prices could get significantly worse through 2023”.
It isn’t giving price cap projections for January, when the cap will next change, “because the market remains too volatile”.
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