Typical annual energy bills will rise by £221 to £1,862 from 1 July, the regulator Ofgem has announced. The 13% increase in the energy cap affects millions and reflects soaring wholesale oil and gas costs caused by the US-Israel war with Iran. The energy cap fixes the maximum amount which customers on standard variable tariffs can be charged for each unit of gas and electricity used. It covers around 33 million households in England, Wales and Scotland and is set by the regulator Ofgem every