Energy bills set to rise by 10 per cent while greedy energy companies rake in obscene profits
People protest outside the Ofgem HQ in Canary Wharf London, August 25, 2022
ENERGY bills are set to rise by 10 per cent this autumn, the watchdog confirmed today, while greedy energy companies continue to rake in obscene profits.
Ofgem announced that it will hike its price cap from £1,568 to £1,717 from October 1.
The increase will plunge 400,000 more households into fuel poverty, bringing the total to six million, charity National Energy Action warned.
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