The head of Ofgem says bills are likely to be higher this winter than previously predicted.
This winter's increase in energy bills will be even sharper than predicted, according to the head of the regulator Ofgem.
The lower estimate was used by ministers when deciding how much financial support to offer households.In May, Ofgem chief executive Jonathan Brearley said a typical household would pay £2,800 a year - an increase of £800 - from October. October is when the energy price cap - the maximum price set by Ofgem which suppliers can charge customers in England, Scotland and Wales - is next up for review.it is "clear" that "prices are looking higher than they did when we made that estimate".But one industry analyst has predicted a rise of more than £1,200 a year in October. Cornwall Insight said that
the typical domestic customer was likely to pay £3,244 a year from October, then £3,363 a year from JanuaryIn a more recent forecast, another analyst, management consultancy BFY, predicted a typical energy bill could hit £3,850 a year by January. The typical bill at present is about £2,000 a year, after the last price cap increase in April 2022. This is already £600 more than the average bill was in October 2021.The energy price cap is designed to protect consumers from short-term changes in prices. It is adjusted every six months .This has risen sharply because demand for gas increased as the Covid pandemic eased, and because
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