Household energy bills to go up

On 26 August it was announced that the energy price cap will rise for millions of people in England, Scotland and Wales, from 1 October. What is the price cap? Energy bills for household gas and electricity are based on a price cap. This is the maximum amount of money energy supply companies are allowed to charge for the gas and electricity they sell to customers. From October, that limit will increase by 80%, which means an average UK household might have to pay around £3,500 per year for its power. However, this isn’t a fixed amount – it depends on how much energy people use. In England, Scotland and Wales the price cap is set by a regulator (an organisation that supervises a particular industry) called Ofgem. Northern Ireland…

You're reading a preview of

The Week Junior (Digital) - 1 Issue, 351

DiscountMags is a licensed distributor (not a publisher) of the above content and Publication through Zinio LLC. Accordingly, we have no editorial control over the Publications. Any opinions, advice, statements, services, offers or other information or content expressed or made available by third parties, including those made in Publications offered on our website, are those of the respective author(s) or publisher(s) and not of DiscountMags. DiscountMags does not guarantee the accuracy, completeness, truthfulness, or usefulness of all or any portion of any publication or any services or offers made by third parties, nor will we be liable for any loss or damage caused by your reliance on information contained in any Publication, or your use of services offered, or your acceptance of any offers made through the Service or the Publications. For content removal requests, please contact Zinio.