Business Live | Energy payments set to rise in January – and keep excessive till summer season

Watch Business Live as the brand new vitality worth cap has been introduced for January. It will rise to £1,738 from the present degree of £1,717 – a rise of 1.2%.

Every three months, vitality regulator Ofgem revises the cap primarily based on wholesale prices. Energy costs are anticipated to stay excessive into subsequent summer season, based on Cornwall Insight, which has supplied correct forecasts of the worth cap in recent times.

It predicted the cap would go right down to £1,712.99 in April, when it’s subsequent revised – simply £4.01 lower than the present determine. While it has but to launch an official determine, the evaluation group mentioned one other discount was doubtless in October 2025

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