Fresh energy bill blow for millions as households face huge hike in January
HOUSEHOLD energy bills will soar by 27 per cent in the new year to almost £2,200, a supplier predicts.
TL;DR
- Household energy bills could increase by 27% in the new year, reaching nearly £2,200.
- Wholesale gas prices have reached a four-year high due to Middle East conflict.
- The price cap is forecast to rise from £1,723 to potentially £2,192 per year from January.
- Typical annual bills could reach £2,389 from April before decreasing in July.
- Chancellor John Healey is expected to offer targeted support for low-income families and freeze fuel duty.
- The 5p fuel discount will be maintained, and petrol tax rises will be avoided.
- EDF advocates for quicker electrification of the economy to improve resilience and utilize homegrown electricity.