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Ofgem boss warns of further energy price rises in October

The boss of Ofgem Jonathan Brearley said prices in the wholesale energy market remained "highly volatile".

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Householders in Gedling borough should expect a further rise in energy bills this October, the UK’s energy regulator has warned.

The boss of Ofgem Jonathan Brearley said prices in the wholesale energy market remained “highly volatile”.

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He told the BBC: “Not being able to afford energy bills was a matter of life and death for some people.”

Analysts Cornwall Insight have now predicted that a typical domestic energy bill will go up by £600 a year in October, taking the typical household’s gas and and electricity bill to £2,595.

Mr Brearley said the effect of higher prices following Russia’s invasion of Ukraine was “putting huge strain on the customers we serve”.

Gas stove
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“I talk to customers on a regular basis, and I know how tough rising energy prices are for many households and businesses,” he said.

“For some, not being able to afford rising energy bills is literally a matter of life and death.”

During a speech in Glasgow the Ofcom boss shared a story about a woman who was being treated for a brain tumour had worries about keeping up with energy bills.

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“What was shocking was to learn that she feels more comfortable in hospital where she can eat and be warm than at home,” he said.

The expected price increase in October comes on top of a £700 typical rise in annual domestic gas and electricity bills, which took effect in April when the price cap was last raised.

Mr Brearley said he remained committed to updating the price cap, putting suppliers under greater scrutiny and helping move the UK away from a reliance on gas.

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