Connect with us

Hi, what are you looking for?

United Kingdom

Homes struggling to make ends meet hit by bigger energy bills, warns Ofgem

Energy regulator Ofgem has warned the fuel price cap could hit £2,800 in October – as Britain’s homes already struggle to make ends meet.

Ofgem said it expects the cap to rise 42 per cent from its current £1,971.

Jonathan Brearley, chief executive of Ofgem, told MPs:

“The price changes are genuinely a once in a generation event not seen since the oil crisis in the 1970s.”


Ofgem is to write to Chancellor Rishi Sunak to flag up the increases.

Meanwhile, more than a fifth of homes are struggling as the price of the weekly shop rises 7% – the highest level of inflation in 13 years.

Nine in 10 people say they are worried about the rising price of groceries.

The increases come second to people’s fears over energy costs.

Fraser McKevitt, the head of retail and consumer insight at Kantar, said:

“People are really feeling the squeeze at the supermarket tills and they’re having to stretch their budgets further to accommodate rising prices.

“To put the most recent numbers into context, if you were picking up supplies for a family fry up over the long weekend with toast, eggs, sausages, bacon, and beans it would cost you £6.83 – that’s a significant 40p increase on last year.”



Latest Tweets


You May Also Like

United Kingdom

Film director Ridley Scott has recalled the death of actor Oliver Reed while making the Oscar winning blockbuster Gladiator. Scott said hard-drinking Reed “just...


The controversial Russian businessman Viktor Baturin, well-known for his years-long counterstanding with his wealthy sister Elena, widow of Moscow ex-mayor Yuri Luzhkov, is likely...

United Kingdom

The Tremeloes. Dave Munden centre Dave Munden the Tremeloes drummer – and often lead singer – with the 60s chart toppers has died. He...

United Kingdom

The Watneys Party Seven is making a comeback. The ubiquitous 70s beer was a bland fizzing bitter ridiculed by many. The drink’s insipidness helped...