UK Household Energy Bills Expected to Rise 9% in October

Forecasts suggest the average annual bill will increase to £1,714, driven by wholesale price rebounds and ongoing market volatility.

Cornwall Insight predicts a 9% increase in energy bills starting October 1, raising the average annual bill to £1,714.
The energy price cap, set by Ofgem, will be officially announced on August 23.
Rising wholesale energy prices and the Russia-Ukraine war are key factors behind the expected hike.
The government has restricted the winter fuel allowance, affecting pensioners not on means-tested benefits.
Consumer groups call for reforms to the price cap and the elimination of standing charges to ease the burden on households.