Last forecast ahead of July energy price cap published

Energy analysts at Cornwall Insight have today published their final forecast ahead of the government’s energy price cap announcement for July, which estimates that the average annual energy bill will rise by £209 to £1,850.

Responding to the news, Danny Gross, energy campaigner at Friends of the Earth, said:

“Yet another rise in energy bills will be a kick in the teeth for the millions of people already struggling with the cost of living. 

“The UK remains locked into heating and powering our homes with expensive, volatile gas, so every global energy shock sends our bills higher. Today’s forecast feels like a bad case of déjà vu that we can’t afford to repeat again, especially for those who haven’t recovered financially since the last time energy prices surged.

“If we’re to break free from our dependence on fossil fuels, then we must rapidly roll out clean, homegrown renewable energy – which is now cheaper than oil and gas – alongside insulating homes. This is how we can permanently lower bills and shield people from another energy price crisis.” 

ENDS