Drivers warned EVs may be more expensive than petrol and diesel cars

“However, we hope that alongside this encouragement, support for any continued rising costs will be provided.”

At the end of August, Ofgem announced that the energy price cap will increase to £3,549 per year for dual fuel for an average household from October 1, 2022.

This came as Ofgem’s CEO warned of the hardship energy prices will cause this winter and urged Lizz Truss and her new cabinet to provide an additional and urgent response to continued surging energy prices.

The increase reflects the continued rise in global wholesale gas prices, which began to surge as the world unlocked from the Covid pandemic and have been driven even higher to record levels by Russia slowly switching off gas supplies to Europe.

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