Ofgem issued ‘urgent’ warning by Ed Miliband as energy bills set to rise again
Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.Your support makes all the difference.Read moreEd Miliband has urged energy watchdog Ofgem to crack down on soaring costs as forecasts show the typical energy bill could soon rise by over £100 a year.Whitehall sources have indicated that they expect bills in most UK regions to increase by around £9 a month over next three months, according the The Guardian, hitting Labour’s pledge to curb the cost of living.Forecasts of exactly how much rates will rise again in April vary, but most key analysts agree they will be increasing. Large energy firms such as British Gas, E.On and EDF predict the price cap will increase by between five and seven per cent.Experts say increased volatility in the global gas market is a key source of the rises. The transit deal that allowed gas to flow to Europe from Russia via Ukraine recently ended, adding more uncertainty.Energy secretary Ed Miliband (Jordan Pettitt/PA) More