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Energy bills in Great Britain forecast to jump by £276 a year from January
Cornwall Insight said the jump would add £276 a year to typical bills and deepen pressure for fresh government support.
- Cornwall Insight forecast typical UK household energy bills will surge 16% in January to £1,999, marking the biggest increase in four years.
- Escalating conflict in the Middle East has disrupted gas supplies to the UK and worldwide, with European storage levels now at their lowest September level for 15 years.
- Starting Thursday, Ofgem's 4% price cap increase raised typical annual bills to £1,723; the government removed 5% VAT from electricity bills, saving households around £45 annually.
- Data from Ofgem reveals UK energy debt reached a record £5 billion, prompting the End Fuel Poverty Coalition to urge ministers to introduce an "emergency heat tariff."
- Pressure mounts on Chancellor John Healey to announce fresh support measures at the October 28 Budget, with officials considering extending VAT relief to ease the winter burden.
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Total News Sources80
Leaning Left12Leaning Right4Center37Last UpdatedBias Distribution70% Center
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70% Center
L 23%
C 70%
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