City
Epaper

Energy bills in UK forecast to hit $4,401 amid cost-of-living crisis

By IANS | Updated: August 2, 2022 12:50 IST

London, Aug 2 Households across the UK have been warned they could face an annual energy bill in ...

Open in App

London, Aug 2 Households across the UK have been warned they could face an annual energy bill in excess of 3,600 pounds ($4,401) this winter.

Energy consultant Cornwall Insight said a regular gas and electricity bill in England, Wales and Scotland could reach 3,615 pounds in the new year, which is hundreds of pounds more than previous predictions, reports dpa news agency.

In May, the British government announced an energy costs support package. worth 400 pounds per household. in response to predictions that bills would rise to 2,800 pounds for the average household in October.

Last month, Cornwall Insight predicted that annual energy bills would typically rise to 3,244 pounds from October and 3,363 pounds from January 2023, but circumstances have changed significantly since then.

The company told the BBC on Tuesday that such a bill is now likely to rise to 3,358 pounds from October and 3,615 pounds from January 2023.

Cornwall Insight's principal consultant, Craig Lowrey, said surging gas prices and concerns about Russian supply had prompted the increase.

"However, while the rise in forecasts for October and January is a pressing concern, it is not only the level - but the duration - of the rises that makes these new forecasts so devastating," he told the BBC.

"Given the current level of the wholesale price, this level of household energy bills currently shows little sign of abating into 2024."

Lowrey joined other experts in saying government support will "only scratch the surface" for households.

Charity National Energy Action last month predicted that, should the average bill reach 3,250 pounds per year, 8.2 million UK households will be in fuel poverty, or one in three.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Cornwall insightCraig lowreyukbbcLondonPremier of saAustralia broadcasting corporationBbc radioBroadcasting corporationAdministrative capitalOrganisation secretary and member of parliament r.Facebook ireland headquarters
Open in App

Related Stories

CricketVirat Kohli, Anushka Sharma Seen Strolling on London Streets; Video Goes Viral

CricketChris Woakes Walks Out to Bat with Sling On as England Lose Ninth Wicket on Day 5 of ENG vs IND 5th Test (Watch Video)

CricketENG vs IND 5th Test Weather Forecast: Will Rain Play Spoilsport on Day 5 of England vs India at Oval in London?

CricketENG vs IND 5th Test Weather Forecast: Will Rain Play Spoilsport on Day 3 of England vs India at Oval in London? (VIDEO)

CricketENG vs IND 5th Test Weather Forecast: Will Rain Play Spoilsport on Day 2 of England vs India at Oval in London?

Politics Realted Stories

Maharashtra'Chaddi Baniyan' Protest at Maharashtra Assembly: Opposition Stages Agitation Against Sena MLA for Punching and Slapping Canteen Staff (Watch Video)

MaharashtraMaharashtra Monsoon Session: Ajit Pawar Slams Bhaskar Jadhav Over Fund Allegations, Says 'No Need for Unsolicited Advice'

MumbaiUddhav Thackeray Pats Raj Thackeray on Back at Victory Rally Speech; Emotional Video of Thackeray Brothers Goes Viral

MaharashtraMarathi Language Controversy: ‘Did I Pass a GR Against Brotherhood?’ Devendra Fadnavis Hits Back at Uddhav & Raj Thackeray

NationalAssembly Bypoll Results 2025: AAP Wins Visavadar and Ludhiana West Seats; Congress Wrests Nilambur Seat in Kerala