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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FLERE HISTORIER FRA THE INDEPENDENTSe alt
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The Independent

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After Putin's brutal invasion of Ukraine, Western leaders repeated constantly that they would stand behind Kyiv \"as long as it takes\", first as Ukraine struck back, then as Russia counterattacked.

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The Independent

Zelensky's plan for peace a 'major concession' to Putin

UK's former ambassador to Russia praises Ukraine president

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