Britons face highest price cap in three years as energy bills rise 4% from October
- On Wednesday, August 26, 2026, energy regulator Ofgem announced a 4% rise in the energy price cap, effective October 1, 2026, increasing typical annual household bills by £60 to £1,723.
- Volatile global energy markets and higher wholesale gas prices, driven by the ongoing conflict in the Middle East, primarily forced the increase, Ofgem officials confirmed.
- Energy Secretary Miatta Fahnbulleh defended the hike, citing VAT cuts on electricity and a £150 warm home discount to shield families from the three-year high in costs.
- Citizens Advice chief executive Dame Clare Moriarty warned the rise pushes energy prices to a three-year high, indicating a "relentless erosion of living standards" as debt levels grow.
- Analysts at Cornwall Insight forecast a further 9% increase in January 2027, potentially pushing the typical annual bill to £1,872, intensifying financial strain as winter heating demand increases.
73 Articles
73 Articles
Scottish households face £60-a-year bill rise in October as Ofgem cap rises 4
Scottish households face a £60-a-year energy bill increase from October after Ofgem raised the price cap to £1,723. Here's what the latest rise means for your finances as winter approaches.
Energy bills to rise to highest level in three years leaving households facing 'brutal winter'
Regulator Ofgem announced a 4% rise to its energy price cap, amounting to a £60 increase for the typical household The post Energy bills to rise to highest level in three years leaving households facing ‘brutal winter’ appeared first on Big Issue.
Ofgem price cap: how much are my bills set to rise?
Rising energy bills have been branded “difficult” by Prime Minister Andy Burnham after Ofgem raised its price cap by 4 per cent to a three-year high and analysts forecast a further 9 per cent hike from January.
Ofgem announces 4% rise to three-year-high energy price cap
The UK’s market regulator has confirmed the price of heat and power will rise again this autumn. It’s bad news for budget-stretched households, as Ofgem announced its forthcoming energy price cap this morning. From October, the regulator has confirmed the average cost of keeping radiators and lights on at home will hit £1,723 per year. Almost £150 per month, the move represents a 4% rise compared with the current rate, adding around £60 to each…
Britain's winter energy cap could hit a 3-year high, wiping out a planned tax cut
As temperatures begin to fall, households in Great Britain face higher energy bills, a shift expected to erase the benefit many families counted on from a planned cut to VAT on electricity. Coming on top of wider cost-of-living pressures, the increase could make the winter months even harder for many households. Here's what to know If Cornwall Insight's forecast proves correct, October will bring the highest quarterly energy cap since July 2023,…
Coverage Details
Bias Distribution
- 66% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
