BusinessOfgem Confirms Autumn Price Cap Hike, Pushing UK Household Energy Bills Higher
Ofgem has announced a significant increase to the energy price cap, raising the typical annual bill for UK households to £2,050 from October 1, a 30.7% hike. This decision will intensify financial strain on millions already affected by the cost of living crisis, prompting calls for renewed government support.
BusinessUK Households Brace for Fresh Energy Bill Hike Amidst Easing Inflation
UK households face a challenging winter as energy regulator Ofgem is set to announce an increase in the energy price cap, pushing bills higher despite falling headline inflation figures. This move threatens to deepen the cost-of-living crisis for many families, who are already grappling with strained budgets and reduced government energy support.
