Energy price cap likely to be raised in October and January, adding to cost of living crisis, says research firm
Energy bills could reach more than £3,300 a year this winter in the latest blow to households struggling to cope with the soaring cost of living crisis.
The research firm Cornwall Insight published new, higher forecasts that show the energy price cap is on track to rise to £3,244 a year in October, when it is next adjusted, as wholesale prices continue to soar. The default tariff cap is expected to be raised again in January, to £3,363 a year, up significantly from the £3,003 Cornwall Insight forecast just two weeks ago.
