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Energy bills: What is happening to gas and electricity prices?

The regulator Ofgem says the price cap increases by 4% in October for millions of households.

Tarun Mottlia

Via BBC News

·Excerpt
Energy bills: What is happening to gas and electricity prices?
Image: BBC News (Tech & Business)

What will the energy cap changes mean for my bills?

Image source, Getty Images

Updated 18 minutes ago

Typical annual energy bills are rising by £60 to £1,723 at the start of October, under regulator Ofgem's latest energy price cap.

The increase of around 4% in the cap affects millions of people in England, Scotland and Wales, and reflects higher wholesale gas costs which have been pushed up by the US-Israel war with Iran.

It means people on variable tariffs…

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