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The Independent UK

Albert Toth

UK energy bills forecast to rise more than £300 this summer amid Iran crisis

Iran United Kingdom Cornwall Insight Gas Prices Ofgem the Middle East

Energy bills are set to rise by over £300 this summer, a leading forecaster has warned, as conflict in the Middle East continues to drive up wholesale gas prices.

Respected energy consultancy Cornwall Insight has predicted Ofgem’s July price cap will rise to £1,973 after it decreases to £1,641 from April – a rise of £332.

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