Energy price cap to rise more than 80 per cent from October 1

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Energy pricecap to rise more than 80 per cent from October 1

The regulator said the increase reflected the continued rise in global wholesale gas prices, which began to surge as the world unlocked from the Covid pandemic, and had been driven still higher to record levels by Russia slowly switching off gas supplies to Europe.

"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. 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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