Gas and electricity bills could hit £6,000 for the first time in grim forecast
Energy prices are set to more than triple next April from an already record high, according to a forecast that will worry millions of families
(
Image: Getty Images)
Gas and electricity bills could soar to £6,000 a year for the first time ever, experts have warned.
Energy prices are expected to more than triple next April from an already record high, according to a forecast that will worry millions of families.
Boris Johnson enjoys his second lavish vacation of the summer as anxious Britons scramble to pay their bills.
And the cost of living crisis will only get worse between now and next summer, as consultancy Auxilione has predicted that the bill price cap will gradually rise by more than £4,000 over the course of for the next eight months.
They said the cap should reach £3,576 in October, increase to £4,799 in January and eventually reach £6,089 in April.
The new forecast is an increase of £96 in January and £233 in April from the previous one.
The cap is currently £1,971 for the average household.
Households that consume more than the average pay more for their energy bills.
The forecast, based on Friday's petrol prices, is another blow to families across Britain and will put further pressure on the government to act.
Picture:
Instagram)Around 45 million people are expected to fall into fuel poverty this winter.
Millions of homes are likely to be kept very cold as people try to save what little they can on their energy bills.
The increase in the ceiling is due to the runaway gas prices on European markets.
This was triggered about a year ago when demand for gas soared as economies emerged from Covid-19 lockdowns.
But then came the war in Ukraine.
Since then, Russian gas supplies to Europe have been severely reduced.
This drove the price of gas to levels never seen before.
The energy price cap, which is set by Ofgem, only limits the profits energy suppliers can make.
This does not protect customers from runaway wholesale energy prices.
The co...
Energy prices are set to more than triple next April from an already record high, according to a forecast that will worry millions of families
(
Image: Getty Images)
Gas and electricity bills could soar to £6,000 a year for the first time ever, experts have warned.
Energy prices are expected to more than triple next April from an already record high, according to a forecast that will worry millions of families.
Boris Johnson enjoys his second lavish vacation of the summer as anxious Britons scramble to pay their bills.
And the cost of living crisis will only get worse between now and next summer, as consultancy Auxilione has predicted that the bill price cap will gradually rise by more than £4,000 over the course of for the next eight months.
They said the cap should reach £3,576 in October, increase to £4,799 in January and eventually reach £6,089 in April.
The new forecast is an increase of £96 in January and £233 in April from the previous one.
The cap is currently £1,971 for the average household.
Households that consume more than the average pay more for their energy bills.
The forecast, based on Friday's petrol prices, is another blow to families across Britain and will put further pressure on the government to act.
Picture:
Instagram)Around 45 million people are expected to fall into fuel poverty this winter.
Millions of homes are likely to be kept very cold as people try to save what little they can on their energy bills.
The increase in the ceiling is due to the runaway gas prices on European markets.
This was triggered about a year ago when demand for gas soared as economies emerged from Covid-19 lockdowns.
But then came the war in Ukraine.
Since then, Russian gas supplies to Europe have been severely reduced.
This drove the price of gas to levels never seen before.
The energy price cap, which is set by Ofgem, only limits the profits energy suppliers can make.
This does not protect customers from runaway wholesale energy prices.
The co...
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