The energy price cap – the amount companies can charge in a single year – stands at £1,971 for dual gas and electricity customers, up 54 per cent on six months ago. Why the rise? Simply put, Russia’s invasion of Ukraine has sent wholesale costs soaring. It’s tempting to direct our anger at energy companies like Centrica and Shell who boast big profits, but they represent a tiny fraction of your overall bill. We have a pretty good idea of what to expect in the winter. This is due to the energy price cap
