Ofgem has confirmed an 80.06% rise in the energy price cap, sending the average household’s yearly bill from £1,971 to £3,549 from October.
Ofgem’s chief executive Jonathan Brearley warned of the hardship energy prices will cause this winter and urged the incoming Prime Minister and new Cabinet “to provide an additional and urgent response to continued surging energy prices”. “The price of energy has reached record levels driven by an aggressive economic act by the Russian state. They have slowly and deliberately turned off the gas supplies to Europe causing harm to our households, businesses and wider economy. Ofgem has no choice but to reflect these cost increases in the price cap.
“I know the energy price cap announcement this morning will cause stress and anxiety for many people, but help is coming with £400 off energy bills for all, the second instalment of a £650 payment for vulnerable households, and £300 for all pensioners,” he said. Adam Scorer, chief executive of fuel poverty charity National Energy Action, said: “The scale of harm caused by these price rises needs to sink in. A warm home this winter will be pipedream for millions as they are priced out of a decent and healthy quality of life.
“All the solutions lie at the Westminster Government’s door, yet it is silent in the face of this looming disaster.”
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Energy price cap to rise more than 80% to £3,549 from October 1, Ofgem confirmsThe cap will come into effect for around 24 million households in England, Scotland and Wales on default energy tariffs on October 1, and will remain in place until December 31. So we have gone from a choice between heating or eating to debt or death!!!! EnoughIsEnough dontpayuk Thank your lockdown lovers. This is nothing to do with Putin or Russia. Wake up
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'Bleakest Christmas' for millions as energy price cap rises to £3,549 in OctoberThe cap will come into effect for around 24 million households in England, Scotland and Wales on default energy tariffs
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Energy price cap jumps to £3,549 in rise announced by OfgemBREAKING: Bills are expected to rise by £1,578 a year on average
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