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

Household energy bills will jump by £21 from January in a fresh blow for millions of pensioners who face the loss of winter fuel payments. Ofgem’s announcement on Friday means the price cap will rise from £1,