Consumer Energy price cap forecast: new Cornwall Insight Ofgem prediction suggests hike in UK prices for winter 2024 By Alex Nelson Jobs and finance writer Comment Published 19th Aug 2024, 11:58 BST Updated 19th Aug 2024, 12:04 BST Watch more of our videos on Shots! and live on Freeview channel 276 Visit Shots! now Energy bills are set to jump, hitting households hard as winter approaches ❄️ Average household energy bills are projected to rise by 9% in October This increase is slightly lower than the 9.9% rise previously predicted in June A ‘modest’ rise in energy bills is also anticipated in January 2025 The energy price cap, set by Ofgem, is reviewed every three months to reflect market changes The rise in the cap may strain finances for households, especially during the winter months Experts suggest the need for reforming the price cap or introducing social tariffs to better support low-income households Sign up to the weekly Cost Of Living newsletter. Saving tips, deals and money hacks.
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This site is protected by reCAPTCHA and the Google Privacy Notice and Terms of Service apply. Experts are predicting that the average household energy bill could increa.