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Ofgem’s energy price cap to increase by 10 per cent from October

City A.M. Friday, 23 August 2024
Ofgem’s energy price cap to increase by 10 per cent from OctoberHouseholds will pay £12 a month more for their gas and electricity bills starting in October after Ofgem announced it would lift its price cap. The energy price cap for the final quarter of 2024 will rise 10 per cent to £1,717 for a typical household in the UK, the energy regulator confirmed today. That [...]
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News video: Ofgem: Energy price hike will be difficult for households

Ofgem: Energy price hike will be difficult for households 00:44

The average household energy bill is to increase by £149 from October after Ofgem said it was increasing its price cap as homes approach the winter months. Jonathan Brearley, chief executive of Ofgem, said rising prices in the international energy market, due to heightened political tensions and...

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