UK Energy Price Cap Could Jump As Much As 46% in October
- Cornwall Insight predicts higher cap than Ofgem estimate
- Further increase likely in January as well, consultant says
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The average UK household could be paying almost £2,900 for their annual energy bill from October, according to an estimate which predicts an even sharper rise than the country’s regulator.
New modeling by energy consultant Cornwall Insight forecasts that regulator Ofgem’s price cap could soar 46% to £2,879 in October, then another 3.6% to £2,907 from January, according to a statement Wednesday.