UK households see 4% energy bill increase

The UK’s energy price cap will rise by 4% from October due to higher wholesale gas prices driven by global conflict, resulting in an average annual energy bill increase of £60. The government’s removal of VAT from electricity bills helps offset some of these costs, with electricity bills broadly stable despite rising gas prices. Most households, especially those on fixed tariffs, are unaffected by the increase, but gas bills are expected to rise by 8%, impacting households that use gas.

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