Dr Craig Lowrey, principal consultant at Cornwall Insight, says it is time to consider the energy cap's place, adding:"Right now, the current price cap is not working for consumers, suppliers, or the economy."Energy bills are expected to rise even further this winter than previously forecast, according to the latest from energy consultancy Cornwall Insight.
Bills are now expected to reach approximately £3,582 a year for the average household from October - up from theFrom January, the amount is expected to hit £4,266 before continuing to rise in April to £4,427 - the previous forecast was for £3,729 in April.Cornwall insight said it had increased its forecast due to the continuing rise in wholesale prices and an expected change in how the energy price cap is calculated.
"The cost of living crisis was already top of the news agenda as more and more people face fuel poverty, this will only compound the concerns."
It’s coming
What happened to priorities ? Propping up Ukraine is more important than the people of Britain. Give the British public an amount that hardly makes a difference to shut then up but give Ukraine enough that makes all the difference and then pay for rebuilding. Enough is enough.
This money could have gone to the vulnerable, installing free solar panels for all not grants or eligibility but simply free energy for all to help with the coming man made crises( maximising profits) and ignorance of the Politicians and giving scraps which does not help at all.
So mine will go up to £350 pm, with an income of £550 a month, guess I'll just starve to death then😡
Ours isn't the average household thankfully.
And ofgem allowing it to happen. Must be shareholders.
Outrage and demo’s about whether someone ate cake at a work do, yet f… all over this
No other country pays this much. This is profiteering on a criminal scale. Tory donors so nothing will be done. Torys will lose every seat at the upcoming general election. France capped prices at 4% Italy didn't allow any rises, see how it's done
Yet the government still sends the corrupt dirty little conman zelenskiy all our tax payers money hah. Im bloody sick off corrupt Ukraine and that little demanding dictator zelenskiy.
Be cheaper to live in an all-inclusive hotel abroad at this rate. The country is fcked and the PM and chancellor are off on their holiday's. Shows their complete contempt for us all.
I don’t know who pays £350/month for gas and electricity but I would suggest they spent some money on insulation for their house. I spend less than one third of that even after the proposed increases
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