Cornwall Insight says expected surge in wholesale prices and rise in UK energy price cap will feed hefty increase
Energy bills could rise by as much as 30% next year if gas and electricity prices continue to soar and more suppliers go bust, according to a new report.
Research firm Cornwall Insight is forecasting that the energy price cap, set at a record £1,277 a year from 1 October, is going to have to be significantly boosted in spring 2022 as the energy crisis continues.
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