Bills are now expected to reach approximately £3,582 per year for the average household from October - up from the £3,359 predicted earlier this month
Dr Craig Lowrey, principal consultant at Cornwall Insight, says it is time to consider the energy cap's place, adding:"Right now, the current price cap is not working for consumers, suppliers, or the economy."Energy bills are expected to rise even further this winter than previously forecast, according to the latest from energy consultancy Cornwall Insight.
Bills are now expected to reach approximately £3,582 a year for the average household from October - up from theFrom January, the amount is expected to hit £4,266 before continuing to rise in April to £4,427 - the previous forecast was for £3,729 in April.Cornwall insight said it had increased its forecast due to the continuing rise in wholesale prices and an expected change in how the energy price cap is calculated.
"The cost of living crisis was already top of the news agenda as more and more people face fuel poverty, this will only compound the concerns."
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