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Manchester Evening News
Manchester Evening News
National
Kieran Isgin

What is the energy price cap and why is it increasing?

Households all across the UK have been warned to brace for a significant increase in their energy bills due to an increased energy price cap.

Energy regulator Ofgem has warned that bills may increase every three months soon, with customers facing a "very challenging winter". It comes after the wholesale price of energy continues to rise in part due to the Russian invasion of Ukraine.

While a small fraction of the UK's gas is sourced from Russia, it has not prevented the impact on prices across Europe which depends more on Russian gas. Here's everything you need to know about the energy price cap and how it will affect your bills in the coming months.

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