Energy Bills to Rise by £200 in July to Nearly £1,900 a Year, Forecast Says The UK's cost of living crisis has taken a sharp turn for the worse as households face an almost 13% hike in energy bills to nearly £1,900 a year from July.
The industry regulator Ofgem's quarterly price cap is woefully inadequate in protecting consumers from sudden spikes in energy costs.
Rising wholesale energy prices are the main driver of this increase, fueled by geopolitical tensions and supply chain disruptions.