UK household energy bills to hit £3,000 per year

The_Green_Hornet

All types of household energy bill are now heading above £3,000 a year this winter, say energy industry sources.

The rise is 7% higher than the predicted prices on which the government's recently announced cost of living support package was based.

The government said it didn't recognise the figures, but added it and Ofgem "keep a close watch on energy prices".

National Energy Action said there were "few signs of energy prices becoming affordable this winter".

https://www.bbc.co.uk/news/business-62056385

Mstty

Been posted on here for weeks this is old news. In fact a new report posted recently hunted at £4000 with the current crisis and future prices of gas.

Buckle up for the bumpy ride.

pochase

The £3000 was already predicted by Cornwall Insights on 21st of June.

https://www.cornwall-insight.com/press/cornwall-insight-comments-on-its-january-default-tariff-cap-forecast-rising-to-3000-for-a-typical-user/

As a result many of the better fixed tariffs were withdrawn in the following days.

The £4000 @Mstty mentioned was a prediction of just one journalist based on just a snapshot of prices, but there was a more serious prediction of £3150 a few days ago.

So the £3000 seems to become a lower limit instead of a worst case scenario.

Even the £2800 Ofgem prediction in May is not that far off.