What is the energy cap and why are energy bills so high?

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New analysis by the Federation of Small Businesses shows electricity costs for a small business in London are up 150%, whilst gas prices are up over 250% in the last year. politicslondon |

Bills are going up because the energy price cap - the maximum price suppliers in England, Wales and Scotland can charge households - is being raised.increase bills by 54% following the introduction of the new cap on 1 AprilAExperts encouraged people without smart meters to submit gas and electricity meter readings on 31 March.

"I think with most companies, certainly with Octopus, you can give it any time in the next week and... we'll apply it to the day when you took it," he told the BBC's World at One programme. If you can't submit your readings, you should take a photo with the meter reading and meter serial number both clearly visible to submit at a later date.

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