Published On: Wed, Aug 3rd, 2022

Energy bills to stay at ‘devastating’ levels until ‘at least 2024’ | Personal Finance | Finance

It will begin to fall after that, but only slowly, reaching £3,569 from July before hitting £3,470 for the last three months of 2023.

The latest price cap predictions are hundreds of pounds above previous forecasts from Cornwall Insight, but are slightly lower than another consultancy, BFY, has predicted.

Last month, Cornwall Insight predicted that annual energy bills would rise to £3,244 from October and £3,363 from January. 

However, the BFY Group forecasted that the energy price cap could hit £3,850 between January and April next year.

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