Price cap forecast to hit £3,850

The price cap on default tariffs has been predicted to rise to £3,420 in October and then £3,850 in January next year after wholesale gas and power prices hit new record highs on Tuesday (26 July). Based on typical consumption patterns, BFY said this would mean the average dual fuel consumer paying by direct debit would face a bill of more than £500 for January alone.

Standard content for Members only

To continue reading this article, please log into your Utility Week Account or subscribe now

Already registered?

Log in

Request a call back