Ofgem to Announce New Energy Price Cap as Industry Calls for More Support

1-Minute Brief

The upcoming energy price cap announcement comes amid industry concerns that current household support is insufficient.

Key Facts

• Regulator Ofgem will reveal the annual energy price cap for October to December on Wednesday.
• Energy UK, an industry body, says current support for struggling households is not enough.
• The energy price cap determines the maximum amount suppliers can charge most households for energy.
• The announcement will affect household energy bills for a three-month period.
• Energy UK is calling for additional measures to assist households most in need.

What Happened

Ofgem is set to announce the new energy price cap for the period from October to December. Energy UK has stated that existing support for struggling households does not go far enough.

Why It Matters

The price cap impacts millions of households' energy costs, and concerns from the industry highlight ongoing challenges for those facing financial hardship.

What's Next

Households will learn the new cap level on Wednesday, which will determine their energy bills for the next quarter. Further discussions on support measures may follow.