Household gas and electricity bills in Britain will rise this winter after regulator Ofgem said it would lift the energy price cap by 10 per cent following an increase in wholesale costs.
Ofgem has set the cap for the period between October and December at a level that will mean a typical household pays ￡1,717 a year, compared with ￡1,568 a year now.
Friday’s decision is the first time the regulator has raised the cap since January and means bills for about 27mn households remain hundreds of pounds higher than before the energy crisis fuelled by Russia’s full-scale invasion of Ukraine in February 2022.
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