Ofgem boss warns Brits will face another eyewatering energy bill rise from October

British households are likely to face yet another rise in energy prices later this year, an Ofgem boss has warned.

During a speech in Glasgow, Ofgem chief executive officer Jonathan Brearley said energy market prices remain "highly volatile" since the Russian invasion. "Prices fluctuated from nearly 16 times the average price last winter at its highest to around four times what we'd usually see. The market remains highly volatile and as a result we do expect further price increases later this year," he added.

It comes after independent energy market analyst Cornwall Insight shared its prediction that a typical UK household will face an annual energy bill rise of £600 from October, which would take a home's average gas and electricity bill to £2,595, The Mirror reports.

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Mr Brearley also said that for some people, not being able to properly afford their energy bills was a matter of life and death, adding: "Many of you in the room know the impact the gas crisis has on the sector, but most importantly it is putting huge strain on the customers we serve.

"I talk to customers on a regular basis, and I know how tough rising energy prices are for many households and businesses. For some, not being able to afford rising energy bills is literally a matter of life and death."

Currently, households are facing soaring energy bills as well as forecasts of inflation hitting 10 per cent and benefits and wages failing to keep up with the increase in prices.

According to the National Institute of Economic and Social Research (NIESR), around 1.5million households in the UK will struggle to pay food and energy bills due to a deepening