#uk-energy-bills

#uk-energy-bills

Energy consultancy Cornwall Insight predicts that Ofgem's price cap for the period from July to September could reach £1,801 per year for a typical dual-fuel household. This is about £160 higher than the cap set in April, representing a roughly 10% increase. Cornwall Insight describes this potential rise as a 'cause for concern' and notes that higher gas costs will also impact electricity prices, given the UK's ongoing reliance on gas-fired power generation.

UK energy bill payers will hand over 2bn a year in subsidies to EDF, the French company building two nuclear power stations, according to government figures. EDF, owned by the French government, will be entitled to 1bn in annual payments as soon as Hinkley Point C, in Somerset, comes on to the grid in 2030. The sum is due under the contracts-for-difference system that guarantees low-carbon energy companies a fixed price for the electricity they generate.

Annual household energy bills in the UK are projected to rise by over 100 after Ofgem approved a 24 billion investment to upgrade the energy infrastructure.