Cost of living: Energy price cap expected to rise to £2,800

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Sky News published this video item, entitled “Cost of living: Energy price cap expected to rise to £2,800” – below is their description.

Ofgem’s chief executive Jonathon Brearley has said that the UK’s energy price cap is expected to rise by £830 to £2,800 in October.

He said that gas prices are “higher and highly volatile” as conditions have worsened in the global market as a result of Russia’s invasion of Ukraine.

The increase may be the first of many, after Ofgem announced a reform plan last week that could see adjustments in the price cap every three months.

#Energy #CostOfLiving #Ofgem

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