British energy price cap rises 80% to €4,200 a year

“An increase of this much cannot be budgeted for by households with no wiggle room,” said Peter Smith, director of policy and advocacy for the National Energy Action charity.

UK households will pay almost triple the price to heat their homes this winter compared with a year ago, a jarring increase for millions of people already struggling to afford everyday essentials.

Industry regulator Ofgem raised its cap on domestic energy bills to a record £3,549 (€4,200) beginning 1st October. That amount is expected to go even higher in January as the UK competes with other nations for limited gas supplies.