Britons face highest price cap in three years as energy bills rise 4% from October

Rising energy costs are pushing households in Great Britain toward their highest winter bills in three years, with a new price cap increase of 4% set to take effect in October. The latest hike follows a 13% jump in July, driven by volatile global energy markets and geopolitical tensions, including the conflict involving Iran. Critics argue the government’s support measures are falling short as families brace for steeper annual costs. The situation has intensified calls for greater financial assistance amid growing concerns over affordability.

Households in Great Britain will pay equivalent of £1,723 a year, prompting calls for more supportNils Pratley: Labour’s energy bills crisis is getting worse. Political honesty is essentialBusiness live – latest updatesMillions of households in Great Britain will face the highest energy charges in three years this winter after months of soaring market prices caused the government’s price cap to rise for a second time in three months.Gas and electricity prices will rise by 4% from October under the new cap, months after climbing 13% at the start of July to take account of soaring global energy market prices caused by the war on Iran. Continue reading...