Energy price cap expected to rise by almost £1,000 in October, says Ofgem CEO | ITV News

ITV News published this video item, entitled “Energy price cap expected to rise by almost £1,000 in October, says Ofgem CEO | ITV News” – below is their description.

The energy price cap in the UK is expected to rise by almost £1,000 in October when regulator Ofgem re-adjusts pricing for domestic customers.

Ofgem chief executive Jonathan Brearley has told the Business, Energy and Industrial Strategy Committee the regulator is expecting an energy price cap in October “in the region of £2,800”, up from the £1,971 it is currently at.

The regulator is warning that a huge 12 million households could fall into fuel poverty when the cap rises, almost double the 6.5 million already in that situation.

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