Ofgem announced today that the energy price cap will increase to £3,549 a year for an average household from 1 October 2022.
The British energy price cap is forecast to rise even further to £5,387 in January 2023 and £6,616 in April 2023 as consumers endure the highest inflation for 40 years. Cornwall Insight, the energy consultancy, predicts that “a typical household’s energy bill will be well over £3,000 a year for the next 15 months”.
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