Cornwall Insight predicts a 9 per cent rise to average household bills will be announced on Friday.
The average household energy bill is set to rise by 9 per cent in October when the latest change to the price cap takes effect, according to experts. Energy consultancy Cornwall Insight said it expects the typical household’s energy bill to rise to £1,714 a year, up from £1,568 currently, on October 1.
The energy price cap was introduced by the UK Government in January 2019 and sets a maximum price that energy suppliers can charge consumers in England, Scotland and Wales for each kilowatt hour of energy they use. Top Money Stories Today Craig Lowrey, principal consultant at Cornwall Insight, said: “This is not the news households want to hear when moving into the colder months. Following two consecutive falls in the cap, I’m sure many hoped we were on a steady path back to pre-crisis prices.
“We must also develop a long-term strategy to secure our energy future. This means a fundamental overhaul of our energy system, with a strong emphasis on increasing domestic energy production. "People could try shopping around for energy deals - look out for any that might be cheaper than the October price cap when it comes into effect. Unfortunately, there's no 'one size fits all' approach when it comes to fixing an energy deal - it will all depend on your individual circumstances.
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