UK Energy Regulator to Revise Price Cap More Often, With Another Rise to Be Announced This Month

UK Energy Regulator to Revise Price Cap More Often, With Another Rise to Be Announced This Month
Undated photo showing some cash in sterling with a mobile photo displaying the words "your latest energy bill." Jacob King/PA Media
Lily Zhou
Updated:

British homes will see their energy bills swell further this winter as the UK’s energy regulator Ofgem said on Thursday that it will announce another increase in the price cap later this month.

Ofgem also said it will revise the price cap—the maximum price suppliers can charge for a unit of energy—every three months instead of every six months to adapt to the volatile global energy market.

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