Around 27 million people who are on a standard variable rate (SVR) tariff, so not locked into a fixed rate deal, are covered by the Ofgem price cap

Charities have reacted angrily to the rise while the boss of Octopus has suggested pensioners struggling to heat their homes should consider using electric blankets to keep warm

The Ofgem price cap does not put a limit on how much you can pay for energy - instead, it sets the maximum unit price you can be charged for gas and electricity