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The price cap update raises typical annual energy bills to £1,737 despite lower wholesale costs, reflecting increased policy costs and support for vulnerable households, experts say.
- Households in England, Scotland and Wales face about a 1% rise in energy bills from October 1, with Ofgem confirming the new price cap on August 27 and typical bills near £1,744.
- Because the price cap includes policy and support costs, Cornwall Insight says geopolitical uncertainty and policy costs keep bills elevated, while the Warm Home Discount scheme supports 2.7 million additional people.
- Dr Craig Lowrey, principal consultant at Cornwall Insight, warned that bills remain far higher than before the "energy crisis" and claimed many families may struggle to afford heating.
- A Department for Energy Security and Net Zero spokeswoman said the government will take urgent action, stressing support for families this winter and its commitment to the Government's clean energy transition.
- Longer term, the shift to clean power offers the best hope for stable bills, while the Ofgem review of cost distribution could reshape who pays; small changes to the three-month price cap schedule may arrive in January depending on geopolitical shifts.
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Total News Sources45
Leaning Left5Leaning Right1Center31Last UpdatedBias Distribution84% Center
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- 84% of the sources are Center
84% Center
14%
C 84%
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