The government has been accused of being 'missing in action' as news of a 'terrifying' new energy price rise was announced.
Energy regulator Ofgem today announced that the energy price cap will increase from the current £1,971 to £3,549 from October 1, regulator Ofgem has announced. The energy regulator currently updates its price cap twice a year - in April and October. But now, the regulators will review the cap every January, April, July and October.
The current price cap was last adjusted in April this year, rising from £1,277 to £1,971 per year on average. Money Saving Expert Martin Lewis has previously warned that Britain will face a dire winter as the prices continue to spiral.
