Energy price cap expected to rise by £830 to £2,800 in October, says Ofgem chief

Politics 2 years ago 200

The UK's energy price cap is expected to rise in October to around £2,800, Ofgem's chief executive says.

The cap which applies until 31 September is currently £1,971 a year - and that amount was a 54% or £693 rise from the previous cap six months earlier.

Ofgem chief executive Jonathan Brearley told the Business, Energy and Industrial Strategy Committee that in October it will be "in the region of £2,800".

He said: "I'm afraid to say conditions have worsened in the global gas market, with Rusia...

Read Entire Article on news.sky.com