Energy price cap announced today as bills set to rise by 80%

dailyrecord.co.uk:

Households are set to find out later today how much they will be paying for their energy bills in October when the price cap is announced.Ofgem, the UK's energy industry regulator, will announce what we'll all be paying with experts saying it could increase by around 80 per cent.

The price cap jumped from £1,200 to £1,971-per-year in April however it is expected to go up to around £3,553 when Ofgem reveals all later.Both the Scottish and UK Government's are under pressure to help families get through the winter months with the situation set to get worse for businesses and households.Labour leader Keir Starmer has called on the Tory government to act now.

It comes after he announced his plan last week to save households around £1,000 by freezing the price cap at October levels.He said: "The announcement of a dramatic increase in the cost of energy bills is going to be devastating for people and businesses across the country."Labour’s fully-funded plan to freeze bills and save households £1,000 this winter is a simple matter of common sense and fairness.

We will not allow oil and gas giants to make record profits from the suffering of ordinary families and businesses. It’s astounding the government does not understand this."As well as acting to fix the immediate problem, Labour will also bring down bills in the long-term by investing in sustainable British energy and insulating homes across the country."The fact the government is absent at this time of national crisis is unforgiveable.