Energy bills to SKYROCKET by £300 this summer as US-Iran war causes market 'disruption'
Energy bills are projected to skyrocket by £300 this summer as the US Iran war is expected to result in widespread market "disruption", analysts warn. Forecasts from Cornwall Insight have updated their previous prediction for Ofgem s July energy price cap from £1 807 to £1 973 as the cost of natural gas goes up. This represents a hike of £332 from April s cap of £1 641, which is the maximum households on average usage pay for gas and electricity when paying by direct debit
Energy bills are projected to skyrocket by £300 this summer as the US Iran war is expected to result in widespread market "disruption", analysts warn. Forecasts from Cornwall Insight have updated their previous prediction for Ofgem s July energy price cap from £1 807 to £1 973 as the cost of natural gas goes up. This represents a hike of £332 from April s cap of £1 641, which is the maximum households on average usage pay for gas and electricity when paying by direct debit
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