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Effective energy bills still to rise 20%+ in October

UK
Political RiskPolitical Risk BulletBulletMarketsFixed IncomeForeign Exchange
  • Re energy prices with the universal £400 grant to bills from October.
  • The price cap is currently £1971 after a 54% rise on 1 April.
  • That was said to be increasing to around £2800 from 1 October (according to the Ofgem CEO) - which would have been an additional 40-45% rise.
  • For simplicity , lets take off £400 from £2800 - that would still be a 20%+ increase in energy bills from 1 October - at a time when energy consumption will begin to increase as people start to turn their heating on.
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  • Re energy prices with the universal £400 grant to bills from October.
  • The price cap is currently £1971 after a 54% rise on 1 April.
  • That was said to be increasing to around £2800 from 1 October (according to the Ofgem CEO) - which would have been an additional 40-45% rise.
  • For simplicity , lets take off £400 from £2800 - that would still be a 20%+ increase in energy bills from 1 October - at a time when energy consumption will begin to increase as people start to turn their heating on.