Energy bills are forecast to soar by as much as 16% in January, delivering a new cost-of-living blow. The increase, predicted by consultancy Cornwall Insight, would hit millions of households on standard variable tariffs and mark the biggest rise in bills in four years.
Biggest rise in four years
The predicted increase will land at the coldest time of year, affecting households across the country. According to the forecast, the rise would be the largest in energy bills since 2022, adding further financial pressure on consumers already dealing with high living costs.
Impact on households
Millions of households on standard variable tariffs are expected to feel the impact. The rise comes as part of a broader trend of increasing energy costs, with the consultancy's analysis pointing to continued volatility in wholesale prices.
This is a breaking news story and further updates are expected as more information becomes available.
