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Ofgem
People on the main price cap which was set by Ofgem in 2019 will be paying up to £1, 277 annually from the steep price rise set byOfgem from October 2021.
Ofgem explained that the price rise has been because of record prices for cost of wholesale gas and electric across the boards.
Charities across the UK have warned that this will hit hard already struggling household.
Comment
This rise in the price of energy will cause further suffering to people who are already struggling with fuel poverty. Especially now that a lot of people are out of work and already finding it difficult financially to make ends meet.
If you are struggling with paying for your energy, read our article: Help with energy bills (4 Support Available).
Also read our article: Grants and benefits to pay gas and electric.
Sources
The Financial Times. Find article here.
BBC News. Find article here.
Additional Information
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Get the cheapest Unlimited Mobile Data Plan, here: Best Unlimited Data Plan – Cheap Unlimited SIM Only.
Money Advice Service
For debt management and advice on how to pay for bills go here: Money Advice Service info page.
If you are interested, check out: Best Bank Accounts for Bad Credit.
If you are interested in a loan, check out: Loan.co.uk.