Energy bills to hit £4,266 in January after Ofgem changes price cap rules

Brush Stroke LONDON LIFESTYLE MAGAZINE

Gas and electricity prices will more than double in the coming months

[{"selector":"#anim-29b5ce2c-c688-4ae5-8e54-b63195f90a28","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3f49258e-aa7f-4c01-9fe3-16be08830745","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Art Critic, Gagosian Gallery

Energy bills for the average UK household are on course to surge to a devastating £4,266 a year in January, experts have warned.

[{"selector":"#anim-a6b8f8fc-7820-479f-a3e8-30f5bf378007","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-edf7ebe2-6f1c-418f-9842-73543eb16d35","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Art Critic, Gagosian Gallery

That will come after a rise to more than £3,500 in October as the cost-of-living crisis deepens throughout this year and into 2023. according to figures from Cornwall Insight, an energy consultancy.

[{"selector":"#anim-5fcecfe4-047e-4e2e-aa2f-6a92b00ebfc2","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5db72339-69ab-4823-b586-404f21876324","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Art Critic, Gagosian Gallery

Ofgem is set to put the price cap at £4,266 for the average household in the three months from the beginning of January.

[{"selector":"#anim-4c718d67-0761-4d04-8c2f-e14aa571903b","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Ofgem is set to put the price cap at £4,266 for the average household in the three months from the beginning of January.

[{"selector":"#anim-b6d6bc61-5db7-494a-981c-d776f05f44b8","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Cornwall Insight said that this was around £650 more than its previous forecast, thanks to large rises in the wholesale cost of gas.

[{"selector":"#anim-94263b16-e6fe-49ae-bbf3-1765380dc200","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

It also expects a further increase in April next year to before prices finally drop slightly to £3,810 from July and £3,781 from October.

[{"selector":"#anim-a386355e-3dab-4bf0-8dfd-345f8dde3ea8","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Energy bills to hit £4,266 in January after Ofgem changes price cap rules

Gas and electricity prices will more than double in the coming months

Energy bills for the average UK household are on course to surge to a devastating £4,266 a year in January, experts have warned.

That will come after a rise to more than £3,500 in October as the cost-of-living crisis deepens throughout this year and into 2023. according to figures from Cornwall Insight, an energy consultancy.

Ofgem is set to put the price cap at £4,266 for the average household in the three months from the beginning of January.

Ofgem is set to put the price cap at £4,266 for the average household in the three months from the beginning of January.

Cornwall Insight said that this was around £650 more than its previous forecast, thanks to large rises in the wholesale cost of gas.

It also expects a further increase in April next year to before prices finally drop slightly to £3,810 from July and £3,781 from October.

Read More...

Top 7 Renowned Facility Management Companies In The UK 2022

LONDON LIFESTYLE MAGAZINE