Winter energy bills could rise to average of £1,714 a year in Great Britain
Cornwall Insight analysts predict price cap for October until end of December will increase by 9%Business live – latest updatesEnergy bills across Great Britain could rise by 9% this winter to an average of £1,714 a year for the typical household’s gas and electricity, according to forecasts.Analysts at Cornwall Insight, a well-respected energy consultancy, have forecast that the government’s energy price cap will rise for the average dual-fuel energy bill from October, up from its current level of £1,568. Continue reading...
https://www.theguardian.com/money/article/2024/aug/19/winter-energy-bills-rise-great-britain-price-cap
Energy bills in Great Britain are predicted to rise by 9% this winter, reaching an average of £1,714 per year for gas and electricity for the typical household. This increase is attributed to the rise in the government's energy price cap, which is expected to be £121 lower than last year. Households are facing escalating debt due to years of rising prices, with energy debt reaching over £3bn. Campaigners are urging for urgent intervention to alleviate the financial strain on households, especially as the winter approaches.