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Future of British Business

UK Household Energy Bills Forecast to Hit £5,000 a Year

  • Natural gas prices are driving up Britain’s energy costs
  • Bills are set to hit record levels with no end in sight

Average household energy bills in the UK are just going to keep rising, with one forecaster setting the annual figure above £5,000 ($6,110) next year.

As ministers are set to meet energy bosses on Thursday, analysts at energy consultancy Auxilione forecast that surging natural gas prices will keep pushing up costs next year, leading to sustained stress on the finances of millions of people.