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The Latest Breaking News from Cornwall Insight

Household energy bills set to soar despite £1,000 drop in price cap

The amount that people pay for their energy is currently regulated by the Government’s energy price guarantee

Evening Standard

Energy bills set to soar in April despite price cap drop

There should be better news come summer

Wales Online

'If things get any tougher I'll have to ride the Metrolink all day just to stay warm'

Arthur Dormer fears he will have to spend all day in supermarkets ahead of energy bill increases

Manchester Evening News

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Cheaper energy deals could be back in a 'matter of weeks' in good news for Brits

Since October, the Government's Energy Price Guarantee has meant standard variable energy tariffs have been the cheapest option available so there has been no incentive to switch

Daily Mirror

Fixed-term energy deals cheaper than April price guarantee could soon be offered

It would make it worthwhile for customers to start shopping around for better energy deals again

Nottingham Post

New fixed-term energy deals cheaper than April price guarantee could be offered by summer

The UK Government’s energy price guarantee is set to rise from £2,500 to £3,000 in April.

Daily Record

Millions of households could be able to switch to cheaper energy tariffs this summer

Early market indications suggest that suppliers could soon offer competitive tariffs

Manchester Evening News

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Cheaper fixed-term energy deals 'could return this summer'

Soaring bills have virtually put an end to the practice of shopping around

Wales Online

Experts hope that energy bills will start to fall from the summer onwards

The price cap is predicted to fall below the £3,000 Energy Price Guarantee level from July, according to industry experts

Chronicle Live

When are energy bills going up? Everything you need to know before huge rise

The Energy Price Guarantee was introduced in October last year, and since then a typical household energy bill, for both gas and electricity, has been set at £2,500

Daily Mirror

SNP urge UK Tories to slash energy bills by 20 per cent after 'Westminster failure'

In April, the Tories are planning to hike the cost of the Energy Price Guarantee (EPG) by 20 from £2500 to £3000 for typical annual consumption.

The National (Scotland)

Eight money changes to look out for in February - from a new Universal Credit rule to energy price cap

This list will help you keep on top of any changes that could affect your finances this month, including interest rate and Ofgem price cap announcements

Chronicle Live

Eight money changes coming in February including Universal Credit and passport shake-up

There are plenty of money changes coming up in February that could impact your wallet - from inflation and interest rate announcements to changes to Universal Credit

Daily Mirror

Energy bills on track to drop to £2,200 a year from this summer after spike in April

Cornwall Insight’s latest forecast is lower than the UK Government’s Energy Price Guarantee.

Daily Record

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Manchester Evening News

Martin Lewis reacts to latest energy bill forecast as major price drop expected this year

New analysis suggests energy bills could soon drop to £2,200 a year

Wales Online

Energy bills predicted to drop by hundreds of pounds within months

There could be relief coming for people across the UK

Evening Standard

Good news! Energy bills forecast to fall from the summer saving typical households £800-a-year

Milder winter than expected in Europe combined with higher storage stocks reduces prices which spiked so sharply after Putin’s invasion of Ukraine

Chronicle Live

Energy prices predicted to fall in 2023 as cost of gas forecasted to be below the Government’s Price Guarantee

Summer could be the point when bills start to reduce, although they will still be more than double those at the start of the crisis

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The Guardian - UK

Cut in energy support to firms ‘threatens UK decarbonisation’

Cornwall Insight warns reduction in support could curb businesses’ ability to invest in reducing fossil fuel emissions

Daily Mirror

Official new energy costs prediction announced - will energy bills go down in 2023?

Cornwall Insight has said that if energy costs do drop below the Government’s Price Guarantee then it will no longer be a cost to them and, in turn, the taxpayer

Daily Record

Martin Lewis warns new energy price drop forecast for summer will still see bills higher than current rate

Energy bills are set to rise by 20% in April when the Energy Price Guarantee rises to £3,000.

The Guardian - UK

Cost to Treasury of subsidising home energy bills falls by £5bn, experts say

Drop in wholesale gas prices means the cost to the government of the energy price guarantee will be reduced

The Independent UK

Huge energy bills could persist until 2030 and are not a ‘single winter problem’, expert warns

Exacerbated by Russia’s war in Ukraine, gas and electric costs are at record levels

Evening Standard

High gas prices won’t be a one-winter problem, warns energy market expert

Cornwall Insight says the market may not get back to pre 2021 levels for the rest of the decade

Daily Record

Martin Lewis shares new energy bill forecast for April after £2,500 UK Government price cap ends

Cornwall Insight predicts a 48% hike in gas and electricity bills in April.

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