UK's Ofgem says energy price cap will rise by 13 percent from July
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Source: Middle East Eye
Published: 2026-05-27 19:14 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Europe, Energy
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Snippet:
The UK's Office of Gas and Electricity Markets (Ofgem) has announced a 13-percent increase of the energy price cap, as a result of higher wholesale prices caused by the closure of the Strait of Hormuz.
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