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Ofgem’s Energy Price Cap Set to Rise by 10% This October: What You Need to Know

Starting October 2024, Ofgem’s energy price cap will increase by 10%, raising the average annual energy bill to £1,717. This rise is due to higher wholesale energy costs driven by global market instability. Households should consider fixed-rate tariffs to manage costs.

Ofgem’s Energy Price Cap Set to Rise by 10% This October: What You Need to Know

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