Here’s an update based on the information provided:
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**Ofgem Confirms 4% Energy Bill Rise from October, Pushing Costs to Three-Year High**
**LONDON** – UK households are bracing for higher energy bills as regulator Ofgem announced a 4% increase set to take effect from October. This adjustment will push typical annual household energy costs to a three-year high, significantly impacting consumer spending.
According to Ofgem, a household using a typical amount of gas and electricity will see their annual bills rise by an additional £60. This increase comes as households continue to grapple with broader cost of living pressures, making managing finances increasingly challenging.
The move underscores the dynamic nature of energy markets and the regulatory decisions influencing household budgets across the nation.
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