Household energy bills forecast to see biggest rise in four years
UK households face a significant increase in energy bills, with forecasts predicting a 16% rise in January following an October price cap adjustment. Industry experts and politicians are debating the need for further government intervention to mitigate the cost-of-living crisis.
Why it matters
Rising energy costs directly impact household disposable income and economic stability, placing pressure on government fiscal policy.
Share Save Add as preferred on Google Kevin Peachey Cost of living correspondent Getty Images Household energy prices are set to soar in January, with a typical annual bill forecast to jump by £276, figures shared with the BBC reveal.
The 16% predicted increase would hit millions of households at the coldest time of year, and would mark the biggest rise in bills for four years.
The forecast from consultancy Cornwall Insight comes a day before prices go up under regulator Ofgem's October price cap and puts increased pressure on the government to support those who will struggle to pay.
Meanwhile, the boss of supplier EDF Simone Rossi has warned the UK is "walking into a second energy crisis" and called for an extension to the VAT cut on electricity which kicks in on Thursday.
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