US EditionEnergy bills expected to rise from October, despite previous forecasts
Ofgem's price cap adjustment includes a £15 increase per bill for expanded Warm Home Discount support to 2.7 million households despite lower wholesale energy costs.
- Ofgem is set to confirm its latest energy price cap on August 27, which will raise typical household bills despite lower wholesale costs.
- This increase follows a forecast revision by Cornwall Insight, which reversed an earlier July prediction of a 1% bill drop due to easing geopolitical tensions.
- The new cap reflects added costs from an expanded Warm Home Discount scheme supporting 2.7 million vulnerable households with £150 each, adding about £15 to average bills.
- Experts predict that typical household energy bills will increase by approximately £17 to £1,737 per year, and Dr Craig Lowrey emphasized that this rise is likely to be unwelcome news for families as winter nears.
- The government emphasizes the transition to clean power and energy independence as the key path to stable and lower costs, while urging urgent family support this winter.
Insights by Ground AI
Does this summary seem wrong?
40 Articles
40 Articles
Oak Ridge electric bills to increase again this fall
OAK RIDGE, Tenn. (WATE) — Oak Ridge Electric customers may notice their bills getting more expensive this fall. Beginning in October, the City of Oak Ridge Electric Department will be implementing a 2.75% rate increase, which they say will help them keep pace with rising service and infrastructure costs. While the rates will begin in early October, customers will notice the new rates reflected in their bills in late October or early November. …
·Nashville, United States
Read Full Article
Coverage Details
Total News Sources40
Leaning Left4Leaning Right1Center28Last UpdatedBias Distribution85% Center
Bias Distribution
- 85% of the sources are Center
85% Center
12%
C 85%
Factuality
To view factuality data please Upgrade to Premium
