Cap on UK energy bills expected to rise to around 2,800 pounds in October - regulator

- Country:
- United Kingdom
The head of Britain's energy regulator said on Tuesday that a regulatory price cap on the most widely used consumer energy tariffs was expected to reach 2,800 pounds ($3,499.16) in October.
"We are only part-way through the price cap window but we are expecting a price cap in October in the region of 2,800 pounds," Jonathan Brearley told a committee hearing.
The cap was raised by over 50% to 1,971 pounds in April. ($1 = 0.8002 pounds)
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