Energy bills to rise in early 2024, forecast says

Energy bills 'will rise by £73 to £1996 per year' in January

The current trend of falling energy bills will be interrupted in January, analysts say (Picture: Getty) A typical household’s yearly energy bill will rise by £73 in January, according to new forecasts. Starting in October, the average household is expected to pay the equivalent of £1,923 a year until December. This amounts to a fall compared to current levels, with annual bills currently at a typical rate of £2,074, and follows a downward trend …

Energy bills to rise in early 2024, forecast says

Consumers can expect more costly bills from January as energy regulator Ofgem will bring its price cap up to £1,898 for an annual average household bill - an increase of £64, research firm Cornwall Insight says.

UK energy bills forecast to rise in January to £1,996

Average household energy bills are expected to rise by £73 a year in January due to wholesale energy price hikes. Cornwall Insight predicts potential impacts under Ofgem's price cap as campaigners call for lower-cost energy solutions for vulnerable households.

Energy bills forecast to rise in January to £1,996

Analysts at Cornwall Insight say higher wholesale energy prices will drive bills up by £73 a year.