Households in England, Scotland and Wales will face higher energy bills from October 1, after electricity and gas regulator Ofgem increased the maximum amount suppliers can charge consumers.
The commission announced that after a 54 percent increase in April, British citizens will face an 80 percent increase in their energy bills from October 1.
This means that the cost to an average customer will go from £1,971 a year to £3,549.
The regulatory commission will approve the next price cap change in January to respond to market volatility.
Previously, the price cap was revised every six months.
Following the announcement by Ofgem, the regulator faced a backlash from concerned citizens who are waiting for the government to introduce measures to help families during the winter months.
The price cap, which came into force from 2019, was implemented to protect customers from high prices, but it led to the loss of many energy suppliers as they could not reflect the increase in energy prices on customers’ bills.
