The Latest Breaking News from Cornwall Insight

Ofgem confirms energy price cap to be reviewed every three months as inflation predicted to hit 13.3%

Energy bills are not expected to start coming down until then end of 2024 or early 2025.

Daily Record · Aug 4, 2022

Energy bill price cap to be updated FOUR times a year as Ofgem warns of ‘challenging winter’

The price cap could increase to £3,729 from April next year, according to the latest predictions

Manchester Evening News · Aug 4, 2022

Ofgem confirms price cap to be updated quarterly ahead of 'challenging winter'

OFGEM has confirmed that the energy price cap is to be updated quarterly, rather than every six months, as it warned customers face a “very…

The National (Scotland) · Aug 4, 2022

Energy bill costs expected to remain at record-high levels throughout 2023

Cornwall Insight said the price cap on energy bills will hit a staggering £3,359 per year from October, rising to £3,616 in January and £3,729 from April 2023

The Independent UK · Aug 2, 2022

Warning that energy bills could hit £3,615 this winter

There have also been calls for the government's support package to be increased to help struggling households

Manchester Evening News · Aug 2, 2022

Energy bills warning as costs could soar to £3,616 with worrying price cap predictions

The cost of household gas and electricity is expected to rise by £1,388 in October, with a further hike of £257 in January, with the average energy bill costing in excess of £3,000 for the entirety of 2023.

Chronicle Live · Aug 2, 2022

Energy bills set to stay above £3,350 until at least 2024, experts warn

Households will be facing big bills for at least another two years, it is predicted

Wales Online · Aug 2, 2022

UK energy bill cap rise forecasts for October and January rise by hundreds of pounds, again

Standard bills for gas and electric are set to jump by more than previously forecast in autumn and the New Year, Cornwall Insights says

Chronicle Live · Aug 2, 2022

Warning energy bills could hit £3,616 this winter as price cap predictions get worse

The cost of gas and electricity is now predicted to soar by £1,388 in October and another £257 in January, with the average energy bill staying above £3,000 for all of next year

Daily Mirror · Aug 2, 2022

Energy experts warn households face 'devastating' bills of more than £3,600 this winter

Cornwall Insight also predicts soaring gas and electricity bills will be around until 2024.

Daily Record · Aug 2, 2022