NewsBot
27-Aug-22, 10:22
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Soaring Price Cap Means Energy Bills Are Set To Treble This Winter To Around £500 A Month - And Over £700 In January Alone
Ofgem's announcement today (Friday) that the energy price cap is set to increase from £1,971 to £3,549 this October, and is likely to rise further in January, means that monthly energy bills could be three times higher this winter than last year, at around £500 a month, according to new Resolution Foundation analysis. The analysis, which incorporates both Ofgem's confirmed price cap for October (£3,549) and Cornwall Insight's latest price cap forecast for January (£5,386.71), shows that energy bills this year (2022-23) are set to be around £2,277 higher than last year at £3,749 - extra money that families simply can't afford. [Read Full Article (https://caithness-business.co.uk/article/17602)]
Soaring Price Cap Means Energy Bills Are Set To Treble This Winter To Around £500 A Month - And Over £700 In January Alone
Ofgem's announcement today (Friday) that the energy price cap is set to increase from £1,971 to £3,549 this October, and is likely to rise further in January, means that monthly energy bills could be three times higher this winter than last year, at around £500 a month, according to new Resolution Foundation analysis. The analysis, which incorporates both Ofgem's confirmed price cap for October (£3,549) and Cornwall Insight's latest price cap forecast for January (£5,386.71), shows that energy bills this year (2022-23) are set to be around £2,277 higher than last year at £3,749 - extra money that families simply can't afford. [Read Full Article (https://caithness-business.co.uk/article/17602)]