UK Energy Bills to Rise Again in October

Ofgem, which limits what energy companies can charge, raised the cap 4% to £1,723/year for a typical home using both gas and electricity, from October to December 2026 — the highest in three years. Two back-to-back hikes follow global energy turmoil from the Iran war and the Strait of Hormuz closure. A 5% tax cut on electricity saves households about £45.