Energy Bills Hike Looms: A Perfect Storm for Vulnerable Households Households across England, Scotland, and Wales are bracing themselves for a financial shock as they await news on the level of the annual energy price cap for July to September.
Ofgem is set to reveal the figure on Wednesday, with predictions pointing to a 13% rise a £209 increase in bills for a typical dual fuel household.
The hike comes at a time when the global economy is reeling from the aftermath of the Iran war. The conflict has disrupted oil and gas supplies through the Strait of Hormuz shipping route, driving up energy costs.