Economy
Energy price cap to rise 54% from April
The price cap rise comes amid a ‘record’ increase in global gas prices, and is set to affect approximately 22 million customers
![](https://b855165.smushcdn.com/855165/wp-content/uploads/2022/02/shutterstock_696061069-1-scaled-e1643890146362-780x470.jpg?lossy=1&strip=1&webp=1)
Retail bosses are braced for a spending squeeze after it was revealed the energy price cap is set to increase by 54% from 1 April amid a “record” increase in global gas prices, in a move that is set to affect approximately 22 million customers.
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