Energy bills could be double the record levels we're already paying.
The cap on energy bills might soar by several hundred pounds more than nightmare forecasts predicted earlier this week, new analysis has shown.
In what is thought to be the worst outlook yet for the 24 million households whose bills are governed by the price cap, the experts also saw further rises in 2023.Auxilione said it was double-checking its figures, due to changes made by energy regulator Ofgem to the price cap rules. The price could balloon further to £4,700 in April, the experts said, although they warned that forecasts so far ahead are more likely to be unreliable.
Falls will not happen until July, when the price cap might dip to £4,000 – but this is still double current levels.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The genius £25 item that could save you £1,000 on energy billsEnergy bills are set to rise once again as we head towards the winter months – this £25 purchase could save you a thousand pounds
Read more »
Energy bills to rise and fall quicker to avoid price shocksCustomers 'face a very challenging winter ahead', says regulator, as it updates bills every three months.
Read more »
Energy bills to rise and fall quicker to avoid price shocksCustomers 'face a very challenging winter ahead', says regulator, as it updates bills every three months.
Read more »
'I feel sick': Mum with young baby forced to use foodbank fears energy cap rising again'I'm absolutely dreading winter. It used to cost £20 a week for gas during winter, now we're spending that in the summer and we're only using it for showers and cooking'
Read more »
'Disgusted' caller blasts 'idiotic' Govt for inaction over 'obscene' energy price hikeThis caller is 'disgusted' as energy companies profit while people choose between eating and heating, branding the Government a 'stupid bunch of idiots' for their inaction. ShelaghFogarty
Read more »
‘Grotesque greed’ — but are energy windfall taxes the answer?\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »