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Ofgem urges next prime minister to take ‘urgent action’, as energy price cap jumps to £3,549 – business live

Ofgem lifts Britain’s energy price cap to £3,549

Millions of households in Great Britain face a leap in energy bills from October after the regulator raised the maximum that suppliers can charge, meaning average homes face paying £3,549 a year.

As feared,

has approved a sharp rise in the current price cap, up from £1,971, for the average dual-fuel tariff – an increase of 80%.

The move will intensify the UK’s cost of living crisis,…

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