Climate Politics
Cost of UK’s Winter Triples as Energy Price Cap Leaps
- Ofgem raises household cap to £3,549 starting in October
- More hikes coming as Russia keeps squeezing gas supplies
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UK households will pay almost triple the price to heat their homes this winter compared with a year ago, a jarring increase for millions of people already struggling to afford everyday essentials.
Industry regulator Ofgem raised its cap on domestic energy bills to a record £3,549 ($4,189) beginning Oct. 1. That amount is expected to go even higher in January as the UK competes with other nations for limited gas supplies.