Energy bills in Great Britain forecast to jump by £276 a year from January

Household energy bills in Great Britain are set to climb sharply from January, with the government’s price cap expected to rise by 16%—marking the largest quarterly increase since early 2023. The typical annual dual-fuel bill could reach nearly £2,000, adding over £270 to yearly costs for the average home as geopolitical tensions in the Middle East keep fuel prices elevated. Analysts warn the surge will deepen financial pressure on families already facing higher living costs during winter. A closer look at the forecast and its implications for consumers is available in the full report.

Cap poised to rise by 16% to equivalent of £1,999 for dual-fuel bill, the biggest quarterly increase since January 2023Household energy bills in Great Britain are predicted to soar by £276 a year for the typical household from January as the impact of the Middle East war continues through the coldest months of winter.The government’s cap on energy prices is poised to jump by 16% to the equivalent of £1,999 for the average annual dual-fuel bill in a further blow to struggling households, according to figures from the leading forecaster Cornwall Insight. Continue reading...