Guardian

Average annual energy bill to rise by 10% to £1,717 in Great Britain from October

Martin Lewis calls for rethink of plan to limit winter fuel payments

What is the energy price cap and can I cut my bill?

Independent

How can I lower my energy bills and what help is there for me?

Ofgem price cap rise brings renewed calls for winter fuel payment U-turn

The UK's Office of Gas and Electricity Markets (Ofgem) announced that it has increased its cap on energy prices, and therefore, gas and electricity prices will jump 10% beginning in October.

Brits will pay an average £12 ($15) extra per month, bringing the average annual cost up from the current £1,568 ($2,071) to £1,717 ($2,268). Annual prices will reportedly still be £117 ($154) lower than October 2023, but roughly £500 ($660) more than before Russia invaded Ukraine.

Sky News

Ofgem, which cited geopolitical and extreme weather factors for its decision, hinted at other policy changes as well, such as fixed prices for energy deliveries to their homes. However, it noted that low-income households could bear the brunt of such changes.

Deeside.com

This follows the decision last month by Chancellor of the Exchequer Rachel Reeves to cut some winter fuel cost support for pensioners. Under that policy, only those already on pension credit will receive financial support.

The Telegraph

The new limits on the winter fuel support, which provides £100 -£300 in financial support to 11.4M pensioners in 8.4M households, is expected to raise energy costs significantly for hundreds of thousands of people.

Guardian #4515

Guardian #3273

Guardian #4453

Independent #2745

Independent #4727

The UK's Office of Gas and Electricity Markets (Ofgem) announced that it has increased its cap on energy prices, and therefore gas and electricity prices will jump 10% beginning in October.

Brits will pay an average £12 ($15) extra per month, bringing the average annual cost up from the current £1,568 ($2,071) to £1,717 ($2,268). Annual prices will reportedly still be £117 ($154) lower than before the October 2023, but roughly £500 ($660) more than before Russia invaded Ukraine.

Sky News #

Ofgem, which cited geopolitical and extreme weather factors for its decision, hinted at other policy changes as well, such as fixed prices for energy deliveries to their homes. However, it noted that low-income households may still bear the brunt of the price hikes.

Deeside.com #

This follows the decision last month by Chancellor of the Exchequer Rachel Reeves to cut some winter fuel cost support for pensioners. Under that policy, only those who are means-tested or already on pension credit will receive financial support.

The Telegraph #

The winter fuel support, which provides £100 -£300 in financial support to 11.4M pensioners in 8.4M households, is expected to raise energy costs significantly for hundreds of thousands of people.

While immediate negative reactions to this policy are understandable, this price cap change is due to geopolitical and environmental factors that the governmen't couldn't prevent. It's also important to note that energy prices in October will be far lower than last October, and hundreds of thousands of can help reduce other economic costs by tapping into their pension credit.

BBC News

BBC News #

Energy price cap: Typical household to pay £149 more a year

A 10% cap increase is far too high at a time when inflation was just going down and the winter fuel credit has been scrapped. This is likely Keir Starmer's attempt at priming citizens for their future under the Labour Party's wind and solar energy agenda, which will lead to rising costs from importing oil when the sun isn't shining and the wind isn't blowing.

Spectator (UK)

Spectator (UK) #4302

The energy price cap hike is just the start of Labour’s problems

WPA Pool/Pool/Getty Images News via Getty Images

UK Energy Prices to Jump 10% in October

Energy

Prices

Electricity

Coal

United Kingdom

While immediate negative reactions to this policy are understandable, this price cap change is due to geopolitical and environmental factors that the government couldn't prevent. It's also important to note that energy prices in October will be far lower than last October, as Labour is doing everything it can to address the abysmal economy it inherited from the Conservatives.

UK Energy Prices to Jump 10% in October

UK Energy Prices to Jump 10% in October

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UK Energy Prices to Jump 10% in October

UK Energy Prices to Jump 10% in October

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