Money blog: Energy bills 'to rise 10% in October' as wholesale costs head up again

Winter energy bills are projected to rise significantly due to an uptick in the wholesale market, according to a closely watched forecast.Market specialist Cornwall Insight released an updated winter forecast ahead of the latest price cap change kicking in on Monday.Britons who pay by direct debit will see their typical annual bill for gas and electricity go down 7%, or £122, to £1,568 this week until 1 October.

This is actually slightly lower than its previous forecast - but still represents bad news for Britons who may have thought energy bills were on a linear path down following two years of sky-high prices.'The drop in forecasts for October are positive, but we need to keep this in perspective,' the Cornwall report says.'We are still facing an average 10% increase in bills from October, and as winter approaches this will put a strain on many household finances.

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