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wholesale energy costs

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UK Energy Price Cap Forecast to Rise 18 Percent from July Amid Higher Wholesale Costsceridwen / Wikimedia (CC BY-SA 2.0)
finance28 days ago

UK Energy Price Cap Forecast to Rise 18 Percent from July Amid Higher Wholesale Costs

The UK's Ofgem energy price cap for typical dual fuel households is projected to increase to £1,929 annually starting July, up from £1,641. This 18 percent rise follows a seven percent reduction in April and stems from elevated wholesale energy prices linked to Middle East tensio…

BN
GB News
2 sources
UK Energy Price Cap Forecast to Rise 18% in July, Impacting Household BillsSubstrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)
finance28 days ago

UK Energy Price Cap Forecast to Rise 18% in July, Impacting Household Bills

The UK's Ofgem energy price cap is projected to increase by 18% to £1,929 annually for typical dual-fuel households starting July 1. This follows a 7% reduction in April and stems from rising wholesale energy costs linked to Middle East tensions. The change will add approximately…

Variety
BN
VA
GB News
4 sources