Energy bills to rise by more than £200 a year amid Iran war fallout

• Ofgem has announced that the energy price cap will increase by 13 per cent from 1 July.
• This rise will affect households in England, Scotland, and Wales.
• The increase means an additional £18 per month – £216 per year – for an average household using both electricity and gas, if sustained for a year.
• The current energy price cap for a typical household paying by direct debit is £1,641.
• Ofgem chief executive Tim Jarvis said the change “reflects continued volatility in global energy markets”, driven by the conflict in the Middle East.

IN FULL

Energy price cap set for major rise from July as millions face higher bills