07/09/2026
This week at 1st Cloud Accountantsđź’ˇ
Energy regulator Ofgem has announced a 4% increase in the energy price cap from 1 October to 31 December 2026, driven by higher wholesale gas prices linked to ongoing Middle Eastern conflicts. This rise affects around 22 million households on default tariffs, limiting energy costs. While the cap does not impact businesses directly, higher wholesale prices may raise commercial contract costs. Notably, the government has removed VAT from domestic electricity bills. What are your thoughts on this change? Leave a comment below! 🌍