A new analysis has shown that the cap on energy bills might soar by several hundred pounds higher than originally predicted. A provisional forecast by experts at energy consultancy Auxilione has shown that the price cap on energy bills could reach £3,687 in October – close to double today’s already record levels.
The company said: “We release today’s view with a caveat that we are having to re-do our analysis this week to ‘double check’ that the outputs are correct. Be sure to be sitting down before reading on,”. The price could balloon further to £4,700 in April, the experts said, although they warned that forecasts so far ahead are more likely to be unreliable.
Auxilione said the changes – which added around £400 to the January price cap compared to Friday’s forecast – were largely due to new Ofgem rules that were announced earlier this week.
If only we had a party in power that cared about us and not the tax dodging millionaires.
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