Ofgem's price cap is to rise by 13% from July 1 driven by the ongoing conflict in the Middle East, the regulator has said.The jump will equate to a rise of £18 a month for the average household using both electricity and gas, with households seeing an increase of 24% on their gas bills and 5% on their electricity bills.

Ofgem's price cap is to rise by 13% from July 1 driven by the ongoing conflict in the Middle East, the regulator has said.The jump will equate to a rise of £18 a month for the average household using both electricity and gas, with households seeing an increase of 24% on their gas bills and 5% on their electricity bills.