The next Ofgem energy price cap has been announced – and it is double what households had braced for.

Millions of people will see their energy bills go up by 2% within weeks after the regulator’s confirmation today.

Households had initially expected their energy bills to rise by 1% based on forecasts.

But the higher cap will allow energy companies to charge slightly more from October.

The energy price cap, which is set by Ofgem, limits how much the companies can charge consumers. When does the latest energy cap start?

The new energy prices will start from October 1 for typical households in England, Scotland and Wales.

How much will bills rise?

The 2% increase means an average household will have to dish out around £2.93 more each month.

A home using the default tariff will pay £10

See Full Page