Ofgem raises energy price cap

Average household energy bills will rise to £3,549 in October following the decision of energy regulator Ofgem to raise the price cap.

The record 80% hike will see a typical default tariff customer paying an extra £1,578. The rise follows a 54% increase in April, which saw average bills surge to £1,971 a year.

Ofgem Chief Executive, Jonathan Brearley, said:

'We know the massive impact this price cap increase will have on households across Britain and the difficult decisions consumers will now have to make. I talk to customers regularly and I know that today's news will be very worrying for many.

'The government support package is delivering help right now, but it's clear the new Prime Minister will need to act further to tackle the impact of the price rises that are coming in October and next year.

'We are working with ministers, consumer groups and industry on a set of options for the incoming Prime Minister that will require urgent action.'

Home | Accreditation | Contact us | Help | Disclaimer | Site map | Accessibility | powered by totalSOLUTION

© 2024 Whitakers (South West) Limited. All rights reserved. We use cookies on this website, you can find more information about cookies here. Whitakers (South West) Limited trading as Whitakers. Registered Office: Bryndon House, 5/7 Berry Road, Newquay, Cornwall TR7 1AD . Registered company number: 08413422 A member of the ICAEW Practice Assurance Scheme and Mercia.