The average household energy bill is to increase by £149 from October after Ofgem said it was increasing its price cap as households approach the winter months.The regulator announced it is hiking its price cap by 10% from the current £1,568 for a typical household in England, Scotland and Wales to £1,717.However, it is around £117 cheaper than the cap in October last year, which was set at £1,834.Ofgem said rising prices in the international energy market, due to heightened political tensions a
The average household energy bill is to increase by £149 from October after Ofgem said it was increasing its price cap as households approach the winter months.The regulator announced it is hiking its price cap by 10% from the current £1,568 for a typical household in England, Scotland and Wales to £1,717.However, it is around £117 cheaper than the cap in October last year, which was set at £1,834.Ofgem said rising prices in the international energy market, due to heightened political tensions and extreme weather events, was the main driver behind the decision.It means households will be going into the colder months facing higher bills than they have had from April this year, when the price cap was lowered.Jonathan Brearley, the chief executive of Ofgem, said: "We know that this rise in the price cap is going to be extremely difficult for many households."Anyone who is struggling to pay their bill should make sure they have access to all the benefits they are entitled to, particularly
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