Household energy prices are rising by £221 a year from Wednesday, but people may be spared further pain in October thanks to retreating wholesale costs after the US and Iran agreed a deal to end the war.
Ofgem’s price cap will lift by 13% or £18 a month from July 1 to £1,862 a year for the average household using both electricity and gas, after the Middle East conflict sent global energy costs soaring.
