The average UK household energy bill is now forecast to hit £3,549 from October, regulator Ofgem announced.
This would be an 80% rise on the current price cap, which currently sits at £1,971. Overall, households will pay around £2,300 more on their annual energy bills than they did October 2021. UK households have been faced with consistently rising energy costs since earlier this year when post pandemic supplies were put under further pressure by the outbreak of war in Ukraine. Jonathan Brearley the CEO of Ofgem said that Russia's attack was one of the main causes to the new bills forecast. In a statement, he urged the incoming prime minister to take urgent action to tackle the energy p...
To continue reading this article...
Join COVER for free
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.