Jonathan Brearley tells MPs price cap due to rise to about £2,800, blaming soaring cost of wholesale gas and electricty
Ofgem is on course to raise the cap on household energy bills to about £2,800 in October, the regulator’s chief executive, Jonathan Brearley, has told MPs.
The shock increase in the cap would push up the average bill by more than £800, after the regulator increased it by £693 in April to £1,971.
Continue reading…
