Ofgem’s MILLIONS of struggling families are to be hit by the biggest increase in energy bills in a decade.
The price cap is to jump by £150 – hiking annual costs to £1,288 for 15 million.
Jonathan Brearley, head of watchdog Ofgem, warned an “unprecedented” surge in fuel costs will affect family bills.
A COLD BLAST
Ofgem slammed over £150 spike in energy bills for 15 million customers
OFGEM has been criticised as it prepares to give energy suppliers the green light for a crippling increase in bills.
The watchdog is expected to say on Friday it will raise a price cap for 15 million customers by around £150 a year.
The 13% surge, which starts in October as temperatures drop, will be blamed on higher wholesale costs.
But the rise – from £1,138 to around £1,288 a year – will be devastating for those already struggling to make ends meet.
It is likely to renew focus on the role of Ofgem, whose £121million spend last year was funded by suppliers.
Chief executive Jonathan Brearley raked in more than £300,000 in pay and perks last year, with fellow senior staff sharing more than £2.4m.
This story is from the August 03, 2021 edition of Daily Mirror.
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This story is from the August 03, 2021 edition of Daily Mirror.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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