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UK energy bills projected to stay near three-year highs through 2030
EDF forecasts the energy price cap would be £1,786 in 2030, with electricity wholesale costs at about 30% of the bill.
The Guardian Business reports that UK energy bills are expected to remain stubbornly high as the Ofgem energy price cap rises again, leaving households facing elevated costs for longer than current expectations suggest.
According to the outlet, EDF, a major UK retail supplier, projected that even with some moderation in wholesale prices, the price cap would be £1,786 for the final quarter of 2030, versus a £1,721 assumption for the last three months of 2026.
The article says higher gas prices are a key quarter-on-quarter driver of the current bill level, but it also points to a longer-run outlook where bills may not fall meaningfully even if the gas price cycle turns.
It adds that more of the bill is now made up of harder to swing costs tied to grid operations and upgrades, contract payments for wind and solar, carbon taxes, and support programs, noting that electricity wholesale makes up about 30% of the bill, while EDF calls for more transparency into medium-term costs.