The latest energy bills news, headlines and analysis from The NE Times.
Households face a £221 increase in typical annual energy costs from 1 July after the regulator confirmed a 13% rise in the price cap, driven by higher wholesale gas prices linked to renewed conflict in the Middle East.
The regulator's latest price cap will add around £18 a month to a typical dual-fuel bill from 1 July, with gas costs rising by almost a quarter as conflict abroad drives up wholesale prices.
A conflict in the Middle East has sent crude prices soaring, lifting petrol prices, threatening higher household energy bills from July and reviving the cost-of-living squeeze just as Britain thought the worst was behind it.
The cap climbs to £1,862 a year for a typical household on 1 July, but the consumer champion says most people on standard tariffs can sidestep the increase entirely.