Cap on average annual default tariff will increase to £3,549, with another big rise just down the track
- Ofgem raises energy price cap by 80% to £3,549 from October
- Business live updates: next PM urged to take ‘urgent action’
Millions of households face an 80% energy bill rise from 1 October after the regulator Ofgem increased the cap on prices to £3,549 a year.
And there is even worse news coming down the track, with the next announcement on what will almost certainly be an even higher cap – covering the first three months of 2023 – due on 24 November. That is, unless the government steps in before then.
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