The Latest Breaking News from Cornwall Insight

Today, energy regulator Ofgem announced that the price cap would rise on 1 October from £1,971 to £3,549. It gets worse. Cornwall Insight, the consultancy that previously predicted today’s rise to the virtual penny, warns it’ll climb to nearly £7,000 a year by next April.

The energy price cap is now being reviewed every three months instead of every six

The price cap for the average household is already increasing by 80% to £3,549 for the three months starting in October

The cap is going up 80% in October - and it could be next year before we see any fall

The massive rise in energy prices is putting pressure on millions of households across the UK but the October price cap rise won't be the last increase, according to experts

Cornwall Insight is now predicting the Ofgem price cap could hit £5,386.71 in January, before rising again to £6,616.37 in April, in more bleak news for families

Analysts expect the energy price cap to soar in October as Ofgem prepares to announce the changes

We explain what the energy price cap is, what it will be for the months ahead and what it will mean for bill payers

Scottish Power chief encouraged by meeting with Kwasi Kwarteng – tipped to be next chancellor

Ofgem will announce the new energy price cap on Friday, August 26.

Prices to keep on rising after what looks set to be a painful winter