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    Ofgem to Reveal New Energy Price Cap

    3 weeks ago

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    Regulator Ofgem will announce the new annual energy price cap for October to December, with forecasts indicating a 4% increase in bills for typical households. This rise is attributed to ongoing Middle East conflicts affecting wholesale prices and increased gas demand due to heatwaves. The expected annual bill could reach £1,729, marking the highest since July 2023.
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