Energy bills forecast to rise in January to £1,996

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12 minutes ago

Annual energy bills for a typical household are expected to rise by £73 in January, a forecast suggests.

Consultancy firm Cornwall Insight predicts bills could increase to £1,996 under the official price cap set by the UK's energy regulator Ofgem.

The energy price cap limits how much suppliers can charge households for each unit of energy they use.

Cornwall analysts said a rise in January would be largely down to increases in wholesale energy prices.

The rise comes as millions are set to see energy bills fall from 1 October, when the next price cap comes into force.

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