Live rolling coverage of business, economics and financial markets as price cap means average energy prices to rise for millions of households
Good morning, and welcome to our live rolling coverage of business, economics and financial markets. Millions of households across Great Britain will pay more for their gas and electricity bills from today as the biggest ever increase in energy bills takes effect. Ofgem’s price cap has risen by 54% to reflect higher wholesale energy costs that are now being passed onto consumers, adding to a growing cost-of-living crisis.
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