Warning energy prices to hit over £4,200 in Januaryon August 9, 2022 at 8:34 am

Energy prices will hit the equivalent of £4,266 for a typical household in January of next year, according to consultancy Cornwall Insight.

That’s a rise of £650 for households in England, Scotland and Wales compared with its estimate just last week.

Cornwall cited regulator Ofgem’s decision to change the price cap every three months instead of six and higher wholesale prices for the move.

The government has rejected further aid until a new prime minister is elected.

In its latest report, Cornwall has also increased its forecast for this autumn’s typical domestic energy bills to £3,582, up from its previous prediction of £3,358.