energy prices

Energy price forecasted to increase by 1%

20th August 2025 Consumer Collections | #energy prices

Cornwall Insight has published its final October price cap forecast, predicting a 1% increase in energy costs. The forecast for the October–December 2025 predicts the cap will rise to £1,737 a year for a typical dual fuel household2 this winter. This would represent an increase of £17 and 1% from the current price cap which…

Ofgem confirms energy price cap rise by 6.4% from April

25th February 2025 Consumer Collections | #energy prices

Energy regulator Ofgem has announced a 6.4% increase of the energy price cap for the period covering April to June 2025. The energy regulatror says that a recent spike in wholesale prices is the main driver of today’s price rise, accounting for around 78% of the total increase. A small increase in policy costs and…

Energy prices forecast to rise by 9% in October

19th August 2024 Consumer Collections | #energy prices

Energy prices are expected to rise by 9% in October according to consultancy Cornwall Insight. The data shows that for a typical dual fuel household we predict the October price cap to be £1,714 per annum. This is a rise of 9% from the current price cap which was set at £1,568 per year for…

Energy prices predicted to decrease by 16% in April

23rd January 2024 Consumer Collections | #energy prices

Energy prices will fall by 16% in April, according to a prediction by Cornwall Insight. The company says that tensions in the Red Sea have failed to derail the prospect of lower household energy bills from April. Predictions have fallen £40 p/a since December, with a typical dual fuel consumer now expected to pay an annual…

Energy price cap falls but bills still expected to rise

28th February 2023 Consumer Collections | #energy prices

Energy regulator Ofgem has announced that the energy price cap will be set at an annual level of £3,280 for a dual fuel household paying by direct debit based on typical consumption, a reduction of almost £1,000 from the current level, of £4,279 which reflects recent falls in wholesale energy prices. The cost of universal…

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