The CEO of Octopus Energy has warned the worst of price rises "have not yet passed on to customers" as the company slashes bills by up to half for lucky customers in three areas.
In an email to energy users, Greg Jackson said global gas prices are around eight times higher due to Vladimir Putin's invasion of Ukraine.
He claimed that as the energy price cap is based on wholesale costs, the worst of these hikes "have not yet passed on" to Brits.
