Warning of price energy of the price by verture to the elute the last Rise take | Money news Aitrend

The energy price ceiling is about to remain stable during this winter, but can jump in six months, according to a respected forecast of the industry.

Before the 2% of the default rate increaseWhich is imposed from Wednesday to the end of December, Cornwall Insight said he was currently predicting that the last increase would be eradicated for the January-March quarter.

He saw a drop of £ 30 to the average annual invoices at the beginning of 2026, despite the specialist affirming the planned addition of a direct debit of £ 10 to support the next generation of new nuclear power plants.

Money Dernited: House thinner than a bus for sale for 1.1 million sterling pounds

Cornwall Insight warned that new policy costs imposed by the government could add £ 100 more per year to invoices from April, based on higher costs in place to pay green energy future and help for households through the Warm House Puts Expanded.

His prediction, which is subject to wholesale market movements and regulatory consultations on how to apply these costs to invoices, would see the cap Strike £ 1,855 from the October-December average of £ 1,755.

Political costs to help the battle against climate change play an increasing role in determining the level of the price ceiling.

Please use Chrome Browser for a more accessible video player

Why does the energy price ceiling increase?

Follow Sky News on Whatsapp
Follow Sky News on Whatsapp

Follow all the latest news from the United Kingdom and around the world by following Sky News

Press

There are 34 million households, including those of pre-payment counters and other standard variable arrangements, on the energy price ceiling.

There are an additional 20 million not affected by the change of ceiling because they are on fixed rate transactions.

They are only exposed to variations in raw energy prices and new policy costs at the end of their mandate.

The wholesale prices – volatiles since the invasion of Ukraine by Russia in February 2022 – were the main engine of the rise in bills since the end of the cocovated pandemic.

But they make little contribution to the increase in October because the gas prices have remained stable recently due to the lower demand for the global economy and higher flows.

However, many depends on a world’s lack of shock. The government wants to withdraw this volatility from the invoices through an accent distant from the gas to the wind and the new nuclear, including through modular reactors.

Please use Chrome Browser for a more accessible video player

Energy Boss pleads for the nuclear future

The problem for household invoices in the meantime is that it means even higher costs to help pay the new infrastructure to support this change in electricity supply.

The Minister of Energy Consumers, Martin McCluskey, said: “Big gas costs remain 75% above their levels before Russia hit Ukraine. The more the renewable energies on the system are cheaper in the wholesale price of electricity, which is why the only answer for Great Britain is the mission of this government authority that we control. “

He said efforts to support households in difficulty: “We take urgent measures to support vulnerable families this winter, expanding the warm discount of £ 150 to more than six million families, which helps one in five household with their energy bills.

“In the coming weeks, we will announce the details of the biggest program to upgrade the house in British history to improve up to five million houses, which makes them less expensive and more suitable for executing.”

The recent figures for OFGEM have shown a record sum for household energy debt.

The regulator revealed a total of 4.4 billion pounds sterling in the second quarter of the year – up 750 million pounds sterling over the same period in 2024.

The government said he was working with Ofgem to find solutions. Ideas include the possibility of a debt relief diet.

Will Owen, energy expert in Uswitch.com, said Cornwall Insight forecasts: “The predicted rise is driven by the growing costs of taking our energy network for the future, and these charges are transmitted to payers.

“If you are on a standard variable rate, you can beat these expected increases and save on invoices by moving on to a fixed agreement at a good price now.

“There are currently 26 fixed offers at the price of the October price ceiling, with savings of around £ 234 for the average cleaning.”

Leave a Comment