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Evening Standard

Holly Williams

Household energy bills ‘set to rise by lower-than-first feared 12%’ in July

Cornwall Insight Ofgem

The household energy price cap will rise (Chris Radburn/PA) - (PA Archive)

The household energy price cap is expected to rise by a lower-than-first feared £196 a year from July amid volatile prices in wholesale markets caused by the Iran war, according to the latest forecasts.

Cornwall Insight said its prediction for Ofgem’s cap from July to September now stands at £1,837 for a typical dual fuel household, an increase of 12% on April’s cap.

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