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The Office of Gas and Electricity Markets (OFGEM) announced in February 2022 that the UK energy price cap would be raised by 50% from April, the largest increase in electricity bills in UK history. Before the price increase, the average household electricity bill in the UK was about £1,277 to £1,370 a year, this means the electricity bill has already been increased by about £700 a year, and 22 million households across the country have been affected.

According to the latest news in August this year, the UK energy price cap is expected to further increase by 27% in October, creating the largest increase in electricity and gas unit cost, and the ceiling will be greatly increased up to £3,549.

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