channel this morning. more news on the cost of living today. millions of households in england, scotland and wales will be paying much more for gas and electricity from october, after the energy regulator 0fgem announced a rise in the price cap that s the maximum amount companies can charge consumers for energy. it means the average household bill will rise to £3,519 a year an increase of more than 80%. analysts are now predicting that the price cap could rise again injanuary to more than £5,300. and then to more than £6,600 next april. the price cap doesn t apply to northern ireland, as the market there is regulated differently. prices in northern ireland will also increase, but it s less clear when this will happen, and by how much. the announcement today comes amid a cost of living crisis, with prices soaring and bills going up. frances reed reports.
comes amid a cost of living crisis, with prices soaring and bills going up. frances reed reports. we ve known for months it was coming, but now it s been confirmed the average household fuel bill will be £3,519 from october. the cap is set by the energy regulator 0fgem and is the maximum amount companies can charge customers for each unit of energy. 0fgem has acknowledged the situation as deeply worrying for many people. i accept this is devastating news for many families out there. so what we re also saying today is, we have ten days now until we will have a new administration, a new prime minister and a new ministerial team. now, we think that the government with our support, with the support of the industry, with the support of ngos needs to act urgently and decisively to address the situation that s before us. because the difficult news i have to give is when i look at what s happening later on this year