Ofgem raises UK energy price cap by 13 percent for July
British households face 1,862 pound annual energy bills from July as Ofgem raises its cap by 13 percent. The hike follows higher wholesale gas prices.
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United Kingdom energy regulator Ofgem will raise the annual price cap 13% to £1,862 starting in July. The increase adds £221 to average household bills compared to the £1,641 cap set for April through June. Rising energy costs threaten to stall inflation progress and increase economic pressure on Prime Minister Keir Starmer's administration.
