UK household energy bills forecast to rise by £276 from January
Household energy bills in Great Britain are forecast to increase by £276 a year starting in January according to figures shared with the BBC.
Price cap rises to highest level
The quarterly energy bill cap set by regulator Ofgem is poised to jump by 16% to its highest level for four years. This increase applies to about 20 million households in England, Scotland and Wales on variable tariffs.
Gas market prices drive the hike
Analysts blame the sharp uptick on recent rises in gas market prices which have reached three-year highs. Gas prices in Europe have doubled as storage levels fall to their lowest point in 13 years.
Government faces pressure for support
The forecast puts increased pressure on the government to find measures that give people breathing space during winter. Prime Minister Andy Burnham stated he would not call warnings of a second energy crisis an overstatement.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- BBC News
- The Guardian
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