AssetID: 55946365
Headline: UNCAPTIONED: Household Energy Bills To Hit Three-Year High
Caption: Household Energy Bills To Hit Three-Year High. Energy bills for millions of households will rise to their highest level in three years after regulator Ofgem announced a 4% increase to its price cap from October. A typical household paying by direct debit will face an increase of around £60 a year, with higher wholesale gas prices caused by the Iran war driving up costs. However, more than a third of households are now on fixed tariffs and will not be affected by the new cap. The government says its six-month removal of VAT from household electricity bills will save a typical home around £45, although opposition parties argue Labour needs to do more. Energy suppliers have also warned that household energy debt is rising sharply and called for additional support for people struggling to pay their bills. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,household,energy bills,hit,three-year high,bills,gas,increase,4%,regulator,Ofgem,wholesale gas prices,driven up,war Iran,UK
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