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The Latest Breaking News from Cornwall Insight

Energy bills could be more than £200 higher by 2027, experts warn

Savings brought about by government schemes could be wiped out by future rises

The Independent UK

Higher Energy Bills to Hit Millions of Britons from October: Ofgem Cap Reaches 3-Year High

From October 1, Ofgem's energy cap rises 4%, pushing typical UK bills to £1,723 annually. This affects 22 million households, with insights from Cornwall Insight on the highest bills in three years.

International Business Times UK

'Unbearable Stress': Britain's £6 Billion Energy Debt Crisis Deepens as Millions Struggle With Bills

UK households owe £6 billion in energy bills, with a 4% price cap rise looming. Industry leaders warn of widespread financial strain and call for lasting support measures.

International Business Times UK

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Energy Bills Rocket by £221 as UK Inflation Hits 2.9% in Fresh Blow for Millions of Households

UK inflation rose to 2.9% in July, driven by increased energy bills due to global tensions. The Bank of England maintains interest rates, while government measures aim to ease household pressures.

International Business Times UK

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

The Guardian - UK

Household energy bills expected to jump to three-year high in October

The predicted increase comes despite the Prime Minister’s plan to remove VAT from household electricity bills from October.

Evening Standard

What’s holding back Britain’s green revolution? – a visual story

Labour has approved a wave of renewable energy projects, but turning plans into power remains slow. Why is that?

The Guardian - UK

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Sky-high energy bills in winter show Scotland 'needs control of its own resources'

ENERGY bills will remain sky high throughout winter, prompting calls from the SNP for Scotland to have control of its own resources.

The National (Scotland)

Household energy prices set to remain high this winter as £221 rise takes effect

The energy price cap is forecast to fall by around 0.5% in October as the US-Iran 60-day ceasefire helps to stabilise wholesale markets.

Evening Standard

Energy price cap to jump 13% from July but remain steady in October

Experts at Cornwall Insight forecast there will not be another steep hike in October as wholesale costs come down.

Evening Standard

Household energy bills to rise by £221 a year from Wednesday

Analysts at Cornwall Insight said they now believe the energy price cap will remain fairly steady in October

The Independent UK

Rachel Reeves urged to ‘act now’ to save poorest from pain of rocketing winter energy bills

Donald Trump’s Iran war is blamed for continued volatility in global energy markets, which has led to higher wholesale gas prices

The Independent UK

What is UK energy price cap and how much will my energy bill increase?

OFGEM has announced it is raising its price cap to £1862 per year for a typical dual fuel household, up £221 or 13 on current levels ...

The National (Scotland)

What is happening to my energy bill and what can I do?

Changes to the price cap from July amount to an increase of £18 a month for the average household using both electricity and gas.

Evening Standard

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The Guardian - UK

Oil price drops as Iran state media releases detail of draft peace deal with US - as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

Households set to learn of energy bills hike from July amid Iran war impact

Ofgem will announce its latest energy price cap on Wednesday.

The Guardian - UK

Ministers urged to act as households in Great Britain face energy bill ‘anxiety’

Under government’s price cap typical gas and electricity bills are forecast to rise by £209 from this summer

The Guardian - UK

Energy bills will rise by £209 a year to £1,850 from July, forecaster says

Cornwall Insight predicts rise in price cap of nearly 13% in Great Britain as Iran war pushes up gas costs

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The Independent UK

Energy bills set to rise by £209 from July as experts issue dire winter warning

Energy cap prediction now £1,850 for a typical dual fuel household, a 13% increase

Evening Standard

Energy bills forecast to rise by £209 in July amid fears over winter cost crunch

Cornwall Insight said its prediction for Ofgem’s cap from July to September now stands at £1,850 for a typical dual fuel household, a 13% increase.

The Guardian - UK

E.ON agrees to buy Ovo in deal to create UK’s biggest energy supplier

Acquisition would result in combined company serving about 9.6 million households if given regulatory approval

Evening Standard

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

Cornwall Insight said its prediction for Ofgem’s cap from July to September now stands at £1,837 for a typical dual fuel household.

The Independent UK

US-Iran war will still hit energy bills despite ceasefire, experts warn

Gas prices are ‘likely to stay elevated’ for some time, one consultant said

The Guardian - UK

Energy bills in Great Britain forecast to hit almost £2,000 a year this summer

Consumers brace for ‘awful April’ and Iran war cost hikes, which have pushed UK’s gas market past three-year highs

Evening Standard

Energy bills predicted to surge by £288 a year from July as rise ‘unavoidable’

Cornwall Insight’s latest forecast for the price cap now stands at £1,929, which is £44 lower than its prediction earlier this month.

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