MILLIONS of households still face higher energy bills this winter despite a predicted fall in Ofgem’s price cap. This includes almost half of those in the poorest tenth of households, accordi…
These additional costs will often be significant.Jonathan Marshall, senior economist at the Resolution Foundation, said: "Ofgem is set to announce that the typical household energy bill will fall this winter, but more than one in three households acrosswill be shocked to discover that their energy bills could actually be higher this winter than last winter.
"With these energy bill increases coming on top of a prolonged period of fast-rising food and housing costs, theCornwall Insight's forecast sees bills rising again slightly in the future. Dr Craig Lowrey, principal consultant at Cornwall Insight, said: "While a small decrease in October's bills is to be welcomed, we once again see energy price forecasts far above pre-crisis levels, underscoring the limitations of the price cap as a tool for supporting households with their energy bills.
He added: "Looking ahead to next year, we see how events on the other side of the globe have impacted gas prices and our subsequent price cap predictions.
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