(Reuters) -British energy regulator Ofgem on Wednesday raised its price cap on household energy bills from October to December by 2% for a typical household, implying a default tariff rate of 102
UK Households Brace for Increased Energy Bills as Price Cap Rises 2%
By Susanna Twidale
LONDON (Reuters) -Millions of British households will see higher energy bills from October after regulator Ofgem increased its price cap by 2%, in a blow to the government seeking to drive down energy costs.
The price hike comes amid strained household budgets after inflation hit its highest level in 18 months in July and as the government faces pressure over the affordability of its net zero plan.
Ofgem said the rise was due to an increase in network and policy costs.
(Reporting by Susanna Twidale in London, Raechel Thankam Job in Bengaluru; Editing by Janane Venkatraman and Tomasz Janowski)
