Forecast energy price cap rise in Britain could push UK fuel bills up 4% this winter
British households face a potential 4% increase in energy bills this winter, reaching a three-year high due to global market volatility. The rise is driven by geopolitical tensions in the Middle East and increased gas demand during European heatwaves.
Why it matters
Rising energy costs threaten to undermine government tax relief efforts and place significant financial strain on households during the winter months.
Energy market prices are soaring amid the Middle East war, compounded by the extra use of expensive gas in power plants during heatwaves across Europe. Energy market prices are soaring amid the Middle East war, compounded by the extra use of expensive gas in power plants during heatwaves across Europe. Energy bills British energy bills forecast to hit three-year high this winter Expected quarterly price cap rise of 4% likely to wipe out benefits of Andy Burnham’s VAT cut on electricity bills
Prefer the Guardian on Google Household energy bills across Great Britain are expected to climb to a three-year high this winter as the impact of the Middle East war wipes out Andy Burnham’s tax cut on electricity bills.
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