Britain’s next Prime Minister will have to act “decisively and urgently” to protect millions of households from astronomical gas and electricity bills after a record jump in the price cap to £3,549, the energy regulator warned on Friday.
Ofgem issued the plea after announcing that the energy cap, currently at £1,971, would jump by a staggering 80 per cent in October and braced the nation for it to spiral even higher. Independent forecasts say it could sky-rocket to nearly £5,400 in January or higher, and longer term predictions suggest it could even hit up to £7,200 in April.
