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 expected to rise by 9% this winter, reaching an average of £1,714 annually per typical household. This increase is due to a forecasted rise in the government's energy price cap, making bills £121 lower than the previous winter. However, bills remain significantly higher than before the global energy market shock caused by Russia's war in Ukraine. The removal of the universal winter fuel allowance for pensioners on means-tested benefits is set to further burden households facing rising costs, with experts urging urgent government intervention to alleviate the financial strain.