Craig Lowrey, principal consultant for Cornwall Insight, remarked that the anticipated rise in energy bills is disappointing for households, particularly with the approach of winter. With the energy crisis still influencing the market, he emphasized that despite falls earlier this year, the situation remains volatile, and consumers should brace for fluctuations in pricing and potential increases due to geopolitical tensions.
Experts predict a 9 percent increase in household energy bills beginning in October, raising the average bill to £1,714. This rise follows previous falls but underscores a complex energy landscape. Cornwall Insight warns that, while extreme pricing levels seen previously may not return, a 'new normal' of heightened energy costs could emerge unless significant policy changes take place.
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