According to the BBC,
The typical household energy bill is set to rise by about £800 a year in October, the energy regulator warns.
Ofgem boss Jonathan Brearley said the energy price cap, which limits how much providers can raise prices, is expected to increase to £2,800 a year, due to continued volatility in gas prices.
Mr Brearley said the price rises were a “once in a generation event not seen since the oil crisis in the 1970s”.
He also said the number of people in fuel poverty may double to 12 million.
A household is in fuel poverty when it has to spend 10% or more of its disposable income on energy.
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The energy price cap already rose sharply in April to £1,971, meaning that homes using a typical amount of gas and electricity are now paying an extra £700 per year on average.
Mr Brearley told the business select committee of MPs that Ofgem was only part way through reviewing prices ahead of setting the next cap in October, but added: “We are expecting a price cap in the region of £2,800.”
It means the typical household bill could rise by £800 per year.
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