Ofgem, the UK energy industry regulator, will make its latest announcement regarding the energy price cap on Friday 26 August, with experts forecasting another huge rise in the maximum amount utility companies can charge their customers on standard tariffs as global gas prices soar.
Having already jumped from £1,200 to £1,971 in April, Cornwall Insight analysts now warn the cap could increase to as much as £3,600 and again to £4,200 and then £5,300 in the new year, a situation that may prove untenable.
