Average UK household energy bill to hit £3,549 from October

80% rise

clock • 1 min read
Average UK household energy bill to hit £3,549 from October

The average UK household energy bill is now forecast to hit £3,549 from October, regulator Ofgem announced.

This would be an 80% rise on the current price cap, which currently sits at £1,971. Overall, households will pay around £2,300 more on their annual energy bills than they did October 2021. UK h...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Nadia Halila, Puma Investments

Partner insight: Looking for diversification? Consider VCTs

Venture capital trusts have a number of characteristics which allow them to complement a wider portfolio, says Puma Investments' Nadia Halila

Puma Investments
clock 30 September 2022 • 1 min read
Port in a storm: Five holdings giving funds protection today

Port in a storm: Five holdings giving funds protection today

Reassurance from top fund managers during economic turmoil

Darius McDermott
clock 29 September 2022 • 5 min read
The central bank said it was ready to “restore market functioning and reduce any risks from contagion” to UK households.

BoE intervenes with temporary QE to stem sell-off

30-year gilt yield slumped to 4.4% from above 5% this morning

Elliot Gulliver-Needham
clock 28 September 2022 • 1 min read