Article 5ZJYZ Energy bills likely to rise by £800 in October, says Ofgem chief

Energy bills likely to rise by £800 in October, says Ofgem chief

by
Phillip Inman
from on (#5ZJYZ)

Jonathan Brearley tells MPs price cap due to rise to about 2,800, blaming soaring cost of wholesale gas and electricity

Ofgem is on course to raise the cap on household energy bills to about 2,800 in October, the regulator's chief executive, Jonathan Brearley, has told MPs.

The increase in the cap would push up the average annual bill by more than 800, after the regulator increased it by 693 in April to 1,971.

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