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Evening Standard
Evening Standard
National
Josie Clarke

Energy price cap rise of 4% takes effect amid warnings of 16% new year increase

The escalating conflict in the Middle East is driving up energy prices, Cornwall Insight said (Jacob King/PA) - (PA Wire)

A 4% hike to Ofgem’s energy price cap takes effect from Thursday amid warnings household bills could soar by almost another £300 from January.

Campaigners have urged the Government to make plans now to support all households with energy costs this winter because of the severity of forecast bill hikes.

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