MONEY POLL: Should the energy price cap be scrapped by Ofgem? Vote now
Ed Miliband risks ‘disproportionately burdening’ families with energy bills shake-up |
The energy price cap is set to rise next month in a blow to household finances
Don't Miss
Most Read
Latest
Ofgem's energy price cap sets the limit a household of average usage can be charged by suppliers per unit of gas and electricity, however concerns have been raised that more needs to be done to tackle the cost of living.
The energy regulator's restriction was introduced in 2019 with the aim preventing the millions of British families being slapped on expensive variable tariffs.
From October 1, the energy price cap will rise by two per cent to £1,755 annually from £1,720 a year for a typical use household paying by Direct Debit.
More From GB News