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The Independent UK
The Independent UK
National
Rich Booth

Energy bills to hit three-year high as Ofgem announces another rise

Ofgem Energy
  • Energy regulator Ofgem is raising the price cap by 4 per cent from 1 October, increasing the average annual household bill to £1,723.
  • The £60 annual increase marks the highest average energy bill for households in England, Scotland and Wales since July 2023.
  • Higher international wholesale gas prices caused by Middle East conflicts and European heatwaves are driving up costs.
  • Energy Secretary Miatta Fahnbulleh stated that the Government has cut VAT on electricity bills from October to help cushion the rise for families.
  • Ofgem has urged consumers to look into fixed-rate tariffs or smart meter options, which could offer savings of £100 or more below the new cap.

IN FULL

UK homes face winter energy squeeze as Ofgem reveals 4% price cap rise

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