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Evening Standard
Evening Standard
Business
Oscar Williams-Grut

Ofgem to announce 50% energy price cap jump as UK faces ‘years of boom and bust’ pricing

Ofgem is set to announce the new energy price cap on Thursday, with analysts forecasting a 50% hike in household energy bills.

The energy sector regulator has confirmed it will announce the results of its latest price cap review at 11am on Thursday. The window for calculating the new domestic energy price cap closed on Monday.

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