Ofgem energy price cap to rise to highest level since January 2024, forecast claims
Briefly

The article discusses financial support for The Independent, highlighting its commitment to on-ground reporting across various critical issues such as reproductive rights, climate change, and energy prices. It details the forecasted rise in energy bills, increasing by five percent to a projected 1,823, marking the third consecutive increase according to Cornwall Insight. This forecast, deemed reliable, indicates the necessity for transparency in reporting amid a climate where facts matter more than ever, awaiting the official announcement from Ofgem on February 25.
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Cornwall Insight is considered a reliable source of energy price forecasts for many analysts, using a robust system to make its calculations.
The predicted five per cent rise is at the lower end of previous forecasts, which had reached as high as seven per cent.
The average cost of energy bills is set to rise five per cent to 1,823 from April according to the final forecast from trusted research group Cornwall Insight.
Read at www.independent.co.uk
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