News
  • Login
  • Home
  • News
  • Sport
  • Worklife
  • Travel
  • Reel
  • Future
  • More
Monday, June 29, 2026
No Result
View All Result

NEWS

3 °c
London
8 ° Wed
9 ° Thu
11 ° Fri
13 ° Sat
  • Home
  • Video
  • World
    • All
    • Africa
    • Asia
    • Australia
    • Europe
    • Latin America
    • Middle East
    • US & Canada

    Australian man charged with murder after girl found dead in suitcase in Thailand

    Anger directed at Venezuela’s official response to earthquake recovery

    Uganda’s NTV and Daily Monitor say they are under ‘military siege’

    Pakistan launch deadly strikes along Afghan border

    Eleven killed after plane carrying skydivers crashes in eastern France

    Venezuela earthquakes: Inside the country club now a makeshift hospital

    Trump accuses Iran of ceasefire breach after Strait of Hormuz attack

    Three firefighters die battling huge wildfires in Colorado

    Australia’s coal and gas exports violate our human rights, group says in new UN case

  • UK
    • All
    • England
    • N. Ireland
    • Politics
    • Scotland
    • Wales

    ‘I see tourists pee in front of my house’: The campervan problem on the Isle of Skye

    How much should we be prepared to pay for our food?

    Del Morgan hopes double licence achievement can inspire future female Welsh coaches

    NI health: Resident doctors begin strike action over pay

    Burnham to promise devolution in first major speech since launching No 10 bid

    Austrian Grand Prix: George Russell beats Max Verstappen to victory at Red Bull Ring

    Harry reconsidering taking Meghan and children on UK trip

    Scotland out of World Cup 2026: Steve Clarke’s side eliminated in group stage

    Nations Championship: Wales to cut squad after Barbarians victory

  • Business
    • All
    • Companies
    • Connected World
    • Economy
    • Entrepreneurship
    • Global Trade
    • Technology of Business

    How to play tennis, football and cricket without paying

    Pizza Hut to be sold by Yum! Brands for $2.7bn

    Plans to end gazumping with binding agreements in house sale reforms

    Free summer holiday sport sessions offered around Sheffield

    Who had the best World Cup advert?

    Alan Greenspan obituary: Architect of the modern American economy dies aged 100

    Trump threatens 100% tariff on European digital services taxes

    Three unusual things about the King’s tax bill

    How you can save money on your energy bill as debts rise

  • Tech
  • Entertainment & Arts

    Dancers say Lizzo ‘needs to be held accountable’ over harassment claims

    Freddie Mercury: Contents of former home being sold at auction

    Harry Potter and the Cursed Child marks seven years in West End

    Sinéad O’Connor: In her own words

    Tom Jones: Neighbour surprised to find singer in flat below

    BBC presenter: What is the evidence?

    Watch: The latest on BBC presenter story… in under a minute

    Watch: George Alagiah’s extraordinary career

    BBC News presenter pays tribute to ‘much loved’ colleague George Alagiah

    Excited filmgoers: 'Barbie is everything'

  • Science
  • Health
  • In Pictures
  • Reality Check
  • Have your say
  • More
    • Newsbeat
    • Long Reads

NEWS

No Result
View All Result
Home Business Economy

Energy bills forecast to rise by £85 a year

February 19, 2025
in Economy
4 min read
250 2
0
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Domestic energy prices are forecast to rise by 5% from April, adding £85 a year to household bills, according to consultancy Cornwall Insight.

The forecaster, which is widely regarded for its accurate predictions, said a household using a typical amount of gas and electricity would pay £1,823 a year.

The figures emerged as Energy Secretary Ed Miliband wrote an urgent letter to Ofgem, the regulator which sets the price cap, asking it to move quickly to protect consumers.

The predicted higher prices will take effect at the same time as increases to water and council tax bills in April.

However, minimum wage levels will also go up while benefits and the state pension will increase.

Cornwall forecasts that the price cap will rise from its current level of £1,738 per year for a typical household.

Higher household bills are likely to add pressure to the government who are already facing criticism for removing the winter fuel allowance from elderly people not claiming the pension credit or other means-tested financial support.

Ofgem will announce the official new energy price cap level on 25 February, which will affect homes in England, Wales and Scotland.

The predicted rise will come as the days get lighter and warmer, when energy use tends to fall.

Cornwall say the hike is due to a combination of colder weather and a fall in gas storage levels across Europe, which has led to a sharp rise in wholesale prices.

Bills are about 50% higher than pre-Covid levels, but remain below the peak reached in 2022 when Russia’s full-scale invasion of Ukraine caused energy prices to spike.

The price cap affects 26 million households on default, variable tariffs and is set every three months by Ofgem.

While the cost of each unit of gas and electricity is capped, the total bill is not, so household bills will vary depending on how much energy is used.

The regulator illustrates the cap by showing the impact on the annual bill of a household with typical energy usage.

In January, there was a 1.2% rise – which worked out as £1.75 extra a month compared with the previous cap.

A period of high prices means households have collectively built up debt of £3.8bn to suppliers.

The average household in arrears owes more than £1,500 for electricity and £1,300 for gas.

A rise in the energy cap would mean a third successive increase in energy bills at a time of year when the weather starts to get warmer and households would usually hope to see a reprieve in costs.

National Energy Action (NEA), a charity aimed at helping people struggling with energy bills, said it will feel like an “interminable winter” for many.

“There is no getting used to this new normal for the people we try to help,” said NEA’s chief executive Adam Scorer.

“Millions of the most vulnerable households are struggling with debt and severely rationing their heating.”

The Energy Savings Trust said changes to how buildings are insulated helps to lower bills.

The trust’s head of policy, Stew Horne, said: “We’re urging policymakers to put in place clear, actionable steps to help people upgrade their homes to make them warmer and more affordable to heat.”

He suggested setting up a national retrofit advice service to “enable people to feel confident to install measures, such as insulation and draught proofing”.

In his letter to the regulator, Miliband asked the Ofgem chief executive to set out faster means it can pursue to ease the pressure of the “rollercoaster” of global gas markets.

“In recent months we have seen once again the dangers for our country of being exposed to fossil fuel markets controlled by petrostates and dictators,” he wrote.

“Once again, the British people and British businesses will face the consequences of fossil fuel markets we do not control,” he added.



Source link

Tags: billsenergyforecastriseyear

Related Posts

Plans to end gazumping with binding agreements in house sale reforms

June 29, 2026
0

At the moment in England and Wales, a buyer and seller may agree on a sale, only for the...

Alan Greenspan obituary: Architect of the modern American economy dies aged 100

June 28, 2026
0

The Fed said Greenspan's policies and economic thinking "left a lasting mark on this institution, on the broader field...

How you can save money on your energy bill as debts rise

June 27, 2026
0

The amount of money owed to energy suppliers by customers has risen again to a new record high of...

  • Australia helicopter collision: Mid-air clash wreckage covers Gold Coast

    523 shares
    Share 209 Tweet 131
  • UK inflation: Supermarkets say price rises will ease soon

    515 shares
    Share 206 Tweet 129
  • Ballyjamesduff: Man dies after hit-and-run in County Cavan

    510 shares
    Share 204 Tweet 128
  • Somalia: Rare access to its US-funded 'lightning commando brigade

    508 shares
    Share 203 Tweet 127
  • Google faces new multi-billion advertising lawsuit

    508 shares
    Share 203 Tweet 127
  • Trending
  • Comments
  • Latest

Australia helicopter collision: Mid-air clash wreckage covers Gold Coast

January 10, 2023

UK inflation: Supermarkets say price rises will ease soon

April 19, 2023

Ballyjamesduff: Man dies after hit-and-run in County Cavan

August 19, 2022

Stranger Things actor Jamie Campbell Bower praised for addiction post

0

NHS to close Tavistock child gender identity clinic

0

Cold sores traced back to kissing in Bronze Age by Cambridge research

0

Knepp estate storks begin to nest in Guildford industrial estate

June 29, 2026

‘I see tourists pee in front of my house’: The campervan problem on the Isle of Skye

June 29, 2026

Linkin Park to make Download Festival history

June 29, 2026

Categories

Science

Knepp estate storks begin to nest in Guildford industrial estate

June 29, 2026
0

A group of storks born and raised by a Sussex rewilding project have been spotted nesting in a Surrey...

Read more

‘I see tourists pee in front of my house’: The campervan problem on the Isle of Skye

June 29, 2026
News

Copyright © 2020 JBC News Powered by JOOJ.us

Explore the JBC

  • Home
  • News
  • Sport
  • Worklife
  • Travel
  • Reel
  • Future
  • More

Follow Us

  • Home Main
  • Video
  • World
  • Top News
  • Business
  • Sport
  • Tech
  • UK
  • In Pictures
  • Health
  • Reality Check
  • Science
  • Entertainment & Arts
  • Login

Copyright © 2020 JBC News Powered by JOOJ.us

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
News
More Sites

    MORE

  • Home
  • News
  • Sport
  • Worklife
  • Travel
  • Reel
  • Future
  • More
  • News

    JBC News