Energy price cap announced today as bills set to rise by 80%

Ofgem has said it will continue to announce the cap on household energy prices, despite the UK Government saying it would guarantee lower bills for customers. The energy regulator said that it plans to still make the announcements every three months, as it continues to regulate how much suppliers can charge for their services.

Prime Minister Liz Truss has announced a new energy price guarantee which will hold average household bills to no more than £2,500 for the next two years running up to a general election.

Liz Truss announced today in the House of Commons a two year energy price freeze.

Liz Truss has been accused of leaving it to working people to pick up the tab for the cost of living crisis.

Liz Truss will set out a plan to save households and businesses from financial ruin as a result of soaring energy bills tomorrow.

The cost of living has been at the forefront of many people's minds across the country, with yet another energy price cap rise in October set to rock households ahead of winter.

Keir Starmer was today forced to defend Labour's plan to freeze energy bills for everyone in Britain this winter - including the richest households. The Labour leader was challenged as to why wealthy celebrities such as Mick Jagger, Alan Sugar, Richard Branson or Gary Lineker should benefit from support during the cost-of-living crisis. Under his plans, Sir Keir wants the energy price cap to be frozen at its current level of £1,971 a year for typical households.

New research from GoCompare Energy has found that 83 per cent of energy customers have seen their fuel bills increase since Ofgem’s price cap came into force in April. The research, which also asked more than 2,100 people what they are doing differently to try and cut costs, discovered that over two-thirds (64%) of those surveyed have started turning off the lights when they leave a room, making this the top measure people are taking to save money and reduce energy usage around the home.

The cost of charging an electric vehicle at home and at public charge points is set to increase following the Ofgem price cap rise, which will come into place on October 1.

Millions of households across Scotland and the rest of the UK are preparing for a shift in seasons which will force everyone to tighten their spending and put an even tighter squeeze on budgets as energy bills are set to rocket by more than 80 per cent from £1,971 to £3,549. Ofgem announced the new energy price cap on August 26 and it will come into force on October 1.

As the school summer holidays draw to an end, single mum Bev Arrowsmith had felt a small sense of relief, as her children could return to eating free school meals and wouldn't be spending all day at home.

Energy bills are set to rise again when a new price cap comes into effect in October. On Friday, Ofgem announced that the energy price cap would be set at £3,549 this autumn - an increase of around 80 per cent on the current cap of £1,971.

The energy price cap, which regulates the amount that 24 million households pay for their gas and electricity, will jump by around 80% from this autumn, regulator Ofgem has announced.

The energy price cap will rise yet again in October, soaring to £3,549 in the autumn. Regulator Ofgem announced the increase on Friday (August 26) and said the new price cap will last for three months until October 1.

Household face paying an estimated £3,549 per year from October for average use of gas and electricity - equating to a devastating 80 per cent rise in energy bills in a move that will deepen the soaring cost of living crisis even further for millions of people.

Regulator Ofgem today announced that the typical household energy bill will hit £3,549 a year from October 1. This is a huge increase on the current energy cap of £1,971 for the average household.

Martin Lewis has called the new energy price cap "devastating" and has warned that "lives will be lost", as rising costs will put vulnerable people at risk.

The boss of Ofgem has urged the next prime minister to do more to help the country deal with the impact of October's energy price cap rise.

Energy experts have said it is “difficult to see how many will cope" this winter as a final prediction suggests the price cap will increase by 80 per cent to an eye-watering £3,554 from October. It is the final forecast from the industry analysts before regulator Ofgem announces the new price cap on Friday, which will come into effect on October 1 and last until the end of the year.

Millions of householders will know the fate of their energy bills this week as Ofgem will officially announce the price of the October energy price cap. Fixed tariff options may work out cheaper overall if customers are able to get one with their provider.