Gas and electricity prices will go up for millions of people this autumn, it has been announced.

The energy price cap will rise by two percent from October 1 for a typical household in England, Scotland and Wales, the industry regulator Ofgem has said.

The increase, which is slightly more than expected, will see bills increase by around £2.93 a month for the average household, leaving a home on a default tariff paying £102 for what currently costs £100 per month.

Latest figures show more than a third of customers (37 per cent) are now on fixed tariffs, which means they are protected from the upcoming rise.

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Tim Jarvis, director general of markets at Ofgem, said some people could save money by switching to such a tariff.

"While th

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