The consumer price cap has been hiked to £3,549 per year starting from October British households will see energy prices surge by 80% starting from October, the government regulator Ofgem announced on Friday. The annual price cap is set to be increased from the current level of £1,971 ($2,323) to £3,549 ($4,183). According to Ofgem Chief Executive Jonathan Brearley, the hike will have a “massive impact” on families across the country, with another rise likely to come in January, reflecting high volatility in energy markets. “The government support package is delivering help right now, but it’s clear the new Prime
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