- Over four million households in England, Scotland, and Wales face a four per cent increase in energy bills as Ofgem's new price cap takes effect.
- The typical direct-debit energy bill will rise to £1,723 a year, driven primarily by higher wholesale gas prices caused by Middle East conflicts.
- The cost increase is partially offset by a temporary removal of the five per cent VAT on household electricity bills, saving average consumers around £45 annually.
- Forecasts suggest energy bills could jump by up to 30 per cent in January due to ongoing global market volatility and shipping disruptions.
- Charity National Energy Action has urged the government to deliver additional targeted support for low-income and fuel-poor households in the Autumn Budget.
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