is predicted to be the average energy bill from January 2023.
https://www.theguardian.com/money/20...urope-pipeline
Home energy bills in the UK could soar to £3,850 from January, after Russia further squeezed Europe’s gas supplies, according to a forecast that would spell further misery for people already struggling to afford gas and electricity.
The prediction, which some industry sources said should be treated with caution, follows a surge in European gas prices, as Russia cut flows through the Nord Stream 1 pipeline.
The energy-focused management consultancy BFY said it now expected October’s price cap to hit £3,420, while the subsequent rise in January could be as high as £3,850.
That would mean home energy bills would have tripled in the space of a year, given that the cap was set at £1,271 at the beginning of 2022. BFY said the average customer could end up “facing a bill of £500 in January alone”.
One source at a major power producer said they thought the forecast was surprisingly high, with the figure likely to be closer to the £3,300 already predicted by the energy analysis firm Cornwall Insight.
Cornwall is expected to update its own predictions, factoring in fresh European gas price increases, early next week.
https://www.theguardian.com/money/20...urope-pipeline
Home energy bills in the UK could soar to £3,850 from January, after Russia further squeezed Europe’s gas supplies, according to a forecast that would spell further misery for people already struggling to afford gas and electricity.
The prediction, which some industry sources said should be treated with caution, follows a surge in European gas prices, as Russia cut flows through the Nord Stream 1 pipeline.
The energy-focused management consultancy BFY said it now expected October’s price cap to hit £3,420, while the subsequent rise in January could be as high as £3,850.
That would mean home energy bills would have tripled in the space of a year, given that the cap was set at £1,271 at the beginning of 2022. BFY said the average customer could end up “facing a bill of £500 in January alone”.
One source at a major power producer said they thought the forecast was surprisingly high, with the figure likely to be closer to the £3,300 already predicted by the energy analysis firm Cornwall Insight.
Cornwall is expected to update its own predictions, factoring in fresh European gas price increases, early next week.
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