Energy bills could hit £3,850 a year by January after Russia further curbed gas supplies to Europe, sending wholesale prices for this winter soaring to all-time highs.
A typical household faces paying £500 for its energy in January alone, according to the latest forecast from consultants BFY, which will pile more pressure on the government to offer increased support for consumers.
Energy bills have already risen to a record £1,971 a year for a typical household from April.
The price cap that limits most tariffs is now forecast to rise to fresh highs of £3,420 in October and £3,850 in January, according to BFY, a management consultancy focused on the energy sector.
The new forecast has been driven up by a surge in wholesale gas
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2022-07-27 10:30:00Z
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