After the announcement, the chief executive of Ofgem urged the incoming prime minister to do more to deal with the impact of energy price rises as the cap on energy bills soared 80% to £3,549 per 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. You will be affected whether you pay by direct debit, standard credit or pre-payment meter from October 1 when it is likely you will see higher energy bills.Consumer champion Martin Lewis has said the rise in the energy price cap means some people will pay up to £10,000 a year in bills.
This is not happening anywhere else in Europe. Price increase in France was 4%. They are also affected by the Ukraine situation so that’s not the reason for our prices going up 80%. And more in January. This is blatant profiteering by the energy companies.
The price cap has not been hiked to £3,549 a year. The price cap is set by kWh. That is the price an average household will be paying per year at the new price cap. So 49.9% of households will be paying less than that. But that doesn't make a sensationalist headline.
There was no war in Ukraine in 2021 as stated in the article.
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