Bills could top £1,700 after winter energy price cap rise
The Independent|August 21, 2024
Household energy bills are set to rise this winter as experts predict that Ofgem’s energy price cap will increase despite two previous falls this year.
ALBERT TOTH
Bills could top £1,700 after winter energy price cap rise

Energy consultancy Cornwall Insight said it expects the typical household’s energy bill to rise 9 per cent from October, up to £1,714 a year, from £1,568 currently.

The news won’t be welcomed by bill payers, who may have been hoping to see costs go down after inflation reached the Bank of England’s target of 2 per cent in June, followed by the first cut to the interest rate in five years in August.

Experts from Cornwall Insight said there is also likely to be a further “modest” increase in January 2025, with more rises possible early in the new year due to “recent tensions in the Russia-Ukraine war”.

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