Energy bills to grow by more than £200 a year for millions as Ofgem increases price cap – business live

Rolling coverage of the latest economic and financial newsHigher energy bills from July will be unwelcome news for most, but leading analyst Cornwall Insight warns that “the more pressig concern will be what follows”.Its forecast for the October to December period puts the cap at £1,899 per year, which would represent a further 2% rise on the July cap and would coincide with the arrival of a colder season.The rise in July energy prices will be felt across households already stretched by the cost...