U.K. Energy Price Cap Set to Rise 30% Next April, Cornwall Says
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The U.K.’s energy market price cap is expected to rise to about 1,660 pounds ($2,254) per year in April, according to energy market analysts Cornwall Insight Ltd.
That’s a 30% increase from the current default-tariff cap of 1,277 pounds that regulator Ofgem says energy suppliers can charge households. The new estimate is significantly higher than Cornwall Insight’s previous forecast in July of 1,251 pounds.