Rising energy costs: Average bills will soar by 80% from October

The energy bills in Britain will increase from £1,971 to an average of £3,549 on October 1, 2022, the energy Ofgem regulator stated on Friday. Ofgem announced an 80% hike in the energy price cap. Ofgem also stated that it had tightened regulations on direct debits Britain’s energy commission announced that it will increase its consumer energy bills from an average of £1,971 to £3,549 annually on October 1st, 2022. A wave of rising energy prices has been crashing down on Europe for several months. The announcement that home gas and electricity costs will almost double in October 2022 brought the first large waves to shore in Britain.