The energy price cap is going to rise by 80 percent to £3,549 per year in October. And it will go up again in January.
Energy regulator Ofgem has announced that average household bills for customers on standard variable or default contracts who pay by direct debit will rise £1,578 from £1,971 this autumn.
Underpinning that is a set of costs to energy suppliers (distinct from the energy extractors and generators) that continue to go through the roof.
As it stands, those costs are not capped for businesses – who feed, supply and employ students – and it’s not as if the crisis won’t impact staff either.
