Analysts warn that prices will stay higher for longer, adding pressure to struggling households
Energy bills will stay well above £2,000 for two more years, according to leading analysts, who warned that prolonged high prices threaten the chancellor Rishi Sunak’s loan scheme to help households cope with sky-high gas prices amid the mounting cost of living crisis.
Cornwall Insights, which predicted the recent 54% rise in the cap on average energy bills to £1,971, said it had increased its forecasts for upcoming changes to the ceiling, which is determined by the energy regulator, Ofgem.
