Date revealed for when Ofgem will announce the official October energy price cap increase

As the energy crisis, which has seen wholesale gas prices quadruple in the last 12 months, continues, millions of households can expect their energy bills to rise again when energy regulator Ofgem next reviews the price cap. 

Analysts at Cornwall Insight expect that the energy price cap will increase from the current figure of £1,971 per year based on typical use, to £3,500 – an increase of 78%.