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Nottingham Post

National

Ben Reid

UK energy price cap explained by Ofgem as bills set to soar

Chancellor Rishi Sunak will announce support to ease the pressure on millions of households facing soaring energy bills.

Ofgem is expected to announce on Thursday, February 3 that the energy price cap is to rise by 50% because of soaring wholesale gas prices, meaning the average bill could hit £1,915.

According to the Times, Mr Sunak will commit to giving households in council tax bands A to C rebates funded by Government grants under targeted measures for poorer households.

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Top stories on inkl right now

Sticker tycoon. Trump cheerleader. Rapper. Congressman?

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Woman who drove truck onto kids’ soccer field, killing boy, 6, and man, 35, released without charges

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