Households are expected to learn that their energy bills will rise by around 1 per cent in October when the regulator updates its price cap on Wednesday. Ofgem, which sets the limit on what energy companies can charge customers, is set to confirm its latest price cap on August 27.

In their last forecast last week ahead of the update, experts at Cornwall Insight predicted the typical household energy bill will rise by £17 to £1,737 per year when the new price cap comes into force. Cornwall Insight’s latest prediction is a turnaround from its previous forecast in July that bills would drop by 1 per cent from the current £1,720 in October because of easing Middle East tensions.

Cornwall said its forecast reflected changes it assumed Ofgem would be introducing in the upcoming cap period, inc

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