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Get the free app no ads · no paywallBusiness · 24 August 2026
Industry group EnergyUK warned the total might reach £7 billion by late this year unless the government steps in. This unrecovered money already adds about £50 to a standard yearly household charge. The energy regulator Ofgem is set to announce a 4% cap increase this week, largely because the Iran war has driven wholesale costs higher.
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