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UK’s October Energy Price Cap Forecast to rise 9%: Cornwall Insight

POWER

Firm Cornwall Insight forecasts the UK’s October price cap to be at £1,714/yr – a rise of around 9% from the current price cap set at £1,568/yr, it said.

  • UK’s Ofgem will announce the October cap on 23 August.
  • Additionally, it forecasts the cap to increase in January 2025, but Russian-Ukraine tensions could spur prices into the new year.
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Firm Cornwall Insight forecasts the UK’s October price cap to be at £1,714/yr – a rise of around 9% from the current price cap set at £1,568/yr, it said.

  • UK’s Ofgem will announce the October cap on 23 August.
  • Additionally, it forecasts the cap to increase in January 2025, but Russian-Ukraine tensions could spur prices into the new year.