business / news / / The Guardian
Households in Great Britain could see their energy bills increase by over £200 a year to almost £1,900 from this summer.
Cornwall Insight forecasts the energy price cap will rise to £1,850 annually from July 2024.
KEY POINTS
- February–March gas price spikes followed Iran shutting the strait of Hormuz after US-Israeli strikes.
- Even if the Iran conflict ends soon, energy bills are unlikely to fall back to April's levels this autumn.
- Several fixed-rate tariffs already undercut the upcoming July price cap, offering potential savings for households.
- Long-term bill stability will require further UK investment in renewable energy and infrastructure.
COMPANIES
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