UK Energy Bills Set to Rise Again in January

Cornwall Insight predicts a 1% increase in the energy price cap, maintaining high costs for households.

The energy price cap is expected to increase by £19 to £1,736 annually for the average household starting January 1.
The rise comes after a previous 10% increase in October, with hopes for a decrease now dashed due to volatile wholesale prices.
Factors contributing to high energy costs include geopolitical tensions, maintenance on Norwegian gas fields, and weather disruptions.
Millions of pensioners face additional challenges this winter as the government has cut winter fuel payments for many.
Experts urge the government to consider social tariffs and other support measures for vulnerable households to mitigate the impact of sustained high energy prices.