Energy Price Cap Rises by More Than Expected – Guido Fawkes

Energy Price Cap Rises by More Than Expected

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Energy regulator Ofgem has raised the price cap by 2%, meaning typical household energy bills will rise to £1,755 a year in October. More than expected…

Ofgem’s director general of markets Tim Jarvis said:

“We know customers might not be feeling it in their pockets. In the longer term, we will continue to see fluctuations in our energy prices until we are insulated from volatile international gas markets.” 

The increase will come into force in October for three months. Another costly winter ahead…