The Latest Breaking News from Ofgem

The rises we've seen so far are small compared to what's coming in April

Millions of households will experience eye-watering hikes in their energy bills from April 1 as the price cap is set to increase. The move will affect some 22 million households

The advice from Martin Lewis comes after Ofgem confirmed those on default tariffs will see an increase of £693 from £1,277 to £1,971 from April 1 - up a staggering 54%

Millions of households will experience eye-watering hikes in their energy bills from April 1 as the price cap is set to increase. The move will affect some 22 million households

The energy regulator has confirmed today that the new price cap will increase to £1,917 from April 1 2022. It's a 54 per cent increase, meaning an average of £693 a year will be added to energy bills

Ministers are putting huge faith in wholesale prices falling and then stabilising; the background fear is another surge

The chancellor has announced a package of measures after Ofgem raised the price cap by 54%

The day that millions of households have been dreading has arrived, Ofgem has confirmed there will be a £693 rise to the energy price cap, taking the new threshold to £1,971, meaning an increase of 54 per cent.

As Ofgem raises the energy price cap, we'll answer who'll be affected

Today was, in the words of Resolution Foundation’s Torsten Bell, “Cost of living crunch day.” We had Ofgem’s announcement of the energy price cap rise. Expect to come across phrases such as ‘unprecedented’, ‘eye-watering’ and parents across the land beseeching their children to close the front door.

He can't see how many will be able to afford the price hike