UK household energy bills to rise 10% from October 

UK energy regulator Ofgem announced a 10% increase in the price cap on household energy bills, raising the cap to £1,717 ($2,250) per year starting October 1. This is the first increase since January 2023, when the cap hit a record high of £4,279. The new cap, effective until December 31, is £117 cheaper than the same period last year but still reflects ongoing volatility in global gas markets. The rise is attributed to severe…