economy
Energy expert unveils ‘only' tip to dodge’ October price cap rise
With energy bills set to rise by 4% following Ofgem's energy price cap announcement today, experts have revealed ways households can reduce the financial strain from gas and electricity rates. Ofgem attributed the price cap rise to the ongoing situation in the Middle East, with the conflict pushing up wholesale gas prices. An expert has said it will be a "difficult winter" for many, but shared the one move to make to "dodge" the price rise.
TL;DR
- Energy bills are expected to rise by 4% following Ofgem's announcement.
- The increase is attributed to the ongoing situation in the Middle East impacting wholesale gas prices.
- An expert has shared a method for households to reduce financial strain.
- This method is described as the "one move to make to 'dodge' the price rise."