UK Energy Bills Predicted to Rise Again in April Due to Market Turbulence

Analysts forecast a 1% increase in the energy price cap, citing regulatory changes and geopolitical uncertainty as key factors.

Cornwall Insight projects the energy price cap to rise to £1,762 in April, reversing earlier expectations of a decrease.
The increase is attributed to higher wholesale gas prices, new network charges, and reforms to Ofgem's price cap structure.
Geopolitical factors, including continued volatility from the Russia-Ukraine conflict and potential trade policies under Donald Trump's presidency, are contributing to market uncertainty.
Households are advised to explore fixed-rate energy deals, which may offer savings compared to the projected price cap rates.
Fuel poverty remains a growing concern, with experts urging policymakers to prioritize support for vulnerable consumers as energy debt levels hit record highs.