UK Energy Bills to Climb as Price Cap Rises

Millions of British households face higher energy bills this autumn as the energy market regulator raised the Energy Price Cap—the maximum amount energy suppliers can charge residential customers—by more than analysts had expected.  The UK has a so-called Energy Price Cap in place, which protects households from excessively high bills by capping the price that energy utility providers can pass on to them. Energy market regulator Ofgem on Wednesday announced that from October 1 to December 31, 2025 the price for energy for a typical…