Economy

Energy price cap to rise by 80% to £3,549 from October

The price of electricity will rise on average from 28p per kWh to 52p in October through to December 2022, while gas will go up from 7p to 15p per kwh

Ofgem has confirmed that the energy price cap will increase by 80% to a record £3,549 a year for dual fuel for an average household from 1 October 2022. 

The rise will affect those on standard variable tariffs, with the record annual bill only being based on typical usage.

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