Ofgem confirmed that the average UK household's energy bill will rise by £149, bringing the new price cap to £1,717 from £1,568. Despite the rise, it remains cheaper than last year.
Jonathan Brearley, chief executive of Ofgem, emphasized that the price cap increase is challenging for households and urged those struggling to seek available benefits and support from energy companies.
Energy Secretary Ed Miliband expressed concern over the price cap hike, attributing it to 'failed energy policy' and the vulnerabilities of the UK to international gas markets.
With rising international energy prices driven by political tensions and extreme weather, Ofgem's decision reflects the broader context of ongoing challenges facing UK households in managing energy costs.
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