LIVE: Cost of living crisis deepens amid latest crushing energy price cap rise announcement
The latest Ofgem energy bill price cap rise announcement will be yet another crushing blow for millions of households across Greater Manchester and the UK. It will rise to £3,549 in October, regulator Ofgem has announced.
The price cap, which determines the maximum amount of money energy suppliers can charge consumers for energy, will come into full effect on October 1 and will remain in place until December 31 when Ofgem will adjust the amount once again. Now many are warning that the change to the price cap will impact a vast number of households across the country.
“The response will need to match the scale of the crisis we have before us. With the right support in place and with regulator, government, industry and consumers working together, we can find a way through this.” She accused ministers of being nowhere to be seen on the morning of the announcement. Appearing on BBC Breakfast, the Labour MP said people are “worried sick” about what is happening and is “striking fear in the hearts of families right across the country”.
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