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UK household energy bills set to rise again in October
Cornwall Insight projects an additional 9% jump at the peak of winter in January, while unpaid energy debt is at record levels.
BBC Business reports that UK domestic energy prices are expected to rise by nearly 4% for millions of households in October, with further increases forecast for winter. Cornwall Insight projects another 9% increase at the peak of winter in January, as volatility in wholesale gas prices persists amid developments linked to the Gulf region.
The outlet says industry expectations point to high prices lasting, with EDF indicating bills could remain stubbornly high at current levels at least until the end of the decade. It adds that the typical household’s dual-fuel bill is now 70% higher than at the start of 2021, which Energy UK estimates as about £600 more each year than pre-crisis levels.
BBC Business also highlights the strain on families and the scale of arrears. It cites Ofgem data showing unpaid energy debt of more than three months is at a record high, and notes suppliers estimate total unpaid bills and charges at £6bn, rising to a projected £7bn by year end.
The story further notes proposals for government action, including an Ofgem debt relief scheme and calls for a discounted tariff for households in need based on benefits, health, and income data. Energy UK estimates a targeted plan would cost £1.9bn, compared with a £40bn commitment to protect bills after Russia’s invasion of Ukraine.