New analysis by Cornwall Insight predicts the energy bills will increase by approximately 30% compared to the current price cap
New research paints a grim picture of how energy bills will look like next year, predicting that soaring wholesale gas and electricity prices will make the default tariff price cap climb to approximately £1,660.
New modelling by Cornwall Insight predicts there will be nearly a 30% increase in the current price cap level.
According to the current price cap that came into force on 1st October, the default tariff cap for a typical dual fuel direct debit customer is set at £1,277.
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