Britain’s energy regulator set to announce an eye-watering rise in its price cap this Friday.
Experts predict Ofgem will confirm its cap for those on standard tariffs will rocket by around 80% to an average £3,554 a year from October 1 to allow suppliers to claw back a surge in wholesale energy costs.
With costs still sky-high because of Russia’s war in Ukraine, there are warnings the cap could jump to nearly £4,700 a year in January - and even £6,500 next April.
