Winter energy costs to hit three-year high
Energy bills for millions in the UK are expected to rise to the highest level in three years due to increased wholesale gas prices. The industry regulator, Ofgem, is set to announce a about 4% increase in the price cap, affecting households on variable tariffs, which come into effect as colder weather begins. Rising energy debt has prompted calls for more financial support amid significant increases in bills compared to pre-2022 levels.
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