Annual energy bills for a typical household are expected to rise by £73 in January, a new forecast suggests.
Consultancy firm Cornwall Insight predicts bills could increase to £1,996 under the official price cap set by the UK’s energy regulator Ofgem.
The energy price cap limits how much suppliers can charge households for each unit of energy they use.
The energy price cap limits how much suppliers can charge households for each unit of energy they use.
The rise comes as millions are set to see energy bills fall from 1 October, when the next price cap comes into force.
From October a typical dual-fuel household will pay £1,923 a year until December, which is down from £2,074 in the previous three-month period. However, some government support, which helped with bills last winter, has been withdrawn and bills are still much higher than in 2021.
In its latest forecast for January, Cornwall said it expects bills to near £2,000 again.
Dr Craig Lowrey, principal consultant at the group, said that while it was disappointing to see the trend in energy bills falling over the past year “stall”, it was “not wholly unexpected”.
Annual energy bills for a typical household are expected to rise by £73 in January, a new forecast suggests.
The energy price cap limits how much suppliers can charge households for each unit of energy they use.
Consultancy firm Cornwall Insight predicts bills could increase to £1,996 under the official price cap set by the UK’s energy regulator Ofgem.
The rise comes as millions are set to see energy bills fall from 1 October, when the next price cap comes into force.
The energy price cap limits how much suppliers can charge households for each unit of energy they use.
The energy price cap limits how much suppliers can charge households for each unit of energy they use.
The rise comes as millions are set to see energy bills fall from 1 October, when the next price cap comes into force.
From October a typical dual-fuel household will pay £1,923 a year until December, which is down from £2,074 in the previous three-month period. However, some government support, which helped with bills last winter, has been withdrawn and bills are still much higher than in 2021.
In its latest forecast for January, Cornwall said it expects bills to near £2,000 again.
Dr Craig Lowrey, principal consultant at the group, said that while it was disappointing to see the trend in energy bills falling over the past year “stall”, it was “not wholly unexpected”.
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