UK Energy Bills Forecast to Rise by £85 in April as Price Cap Increases
The third consecutive rise in energy costs highlights the strain on households and the push for renewable energy investment.
- The energy price cap is expected to rise by £85 in April, increasing the typical annual household energy bill to £1,823.
- This marks the third consecutive quarterly increase, attributed to higher wholesale gas prices and reduced renewable energy production during colder weather.
- Government officials and experts emphasize the long-term benefits of renewable energy investment, despite short-term cost increases for consumers.
- Industry analysts warn that energy prices may slightly decline in the summer but could rise again in October, maintaining market volatility.
- Advocates call for immediate government action, including social tariffs and energy efficiency measures, to support vulnerable households.