economy
Energy bills in Great Britain forecast to hit almost £2,000 a year this summer
Consumers brace for ‘awful April’ and Iran war cost hikes, which have pushed UK’s gas market past three-year highs
TL;DR
- Typical annual energy bills in Great Britain are forecast to rise to £1,929 from July, an increase of nearly 18% from the April-June cap.
- Consumers face a series of cost increases in April, including higher council tax, water bills, and charges for phones and broadband.
- The Iran war is pushing UK gas and oil prices to three-year highs, with experts warning Brent crude could reach $150 a barrel.
- Household debt to energy suppliers reached a record high of £4.55 billion at the end of last year.
- Fuel prices have also risen significantly, with diesel costs exceeding £100 for a typical family car fill-up.