Households in England, Scotland and Wales, collectively known as Great Britain, will have higher energy bills from Oct. 1, as electricity and gas regulator Ofgem raised the maximum amount suppliers can charge consumers.
In line with Ofgem's decision on Friday, suppliers can charge up to £3,549 a year for heating and electricity, an 80 percent increase from the current price cap of £1,971.
The regulator will approve the next price cap change in January to respond quickly to volatility in the market. Previously, the price cap was reviewed every six months.
Following Ofgem's announcement, the regulator faced backlash from concerned citizens who expect the government to introduce measures to help households over the winter months.