The boss of Ofgem has urged the next prime minister to do more to help the country deal with the impact of October's energy price cap rise.
It was revealed by the industry regulator on Friday (August 26) that the energy price cap will see average household bills soar by more than 80 per cent to £3,549 annually. Around 24 million households in England, Scotland and Wales on default energy tariffs will be affected by the change.
The price cap, which determines the maximum amount of money energy suppliers can charge consumers for energy, will come into full effect on October 1 and will remain in place until December 31 when Ofgem will adjust the amount once again. Now many are warning that the change to the price cap will impact a vast number of households across the country.
