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Commodities

UK household energy bills set for three-year high

Typical household energy bills in Great Britain will rise 4% from October to the highest level in three years, the Financial Times reported. The increase is linked to higher prices caused by the Middle East war. Ofgem separately said a household using typical amounts of gas and electricity would pay about £60 more annually.

Why it matters

The rise adds pressure to household budgets as winter energy demand approaches.

Sources

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