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The Latest Breaking News from Cornwall Insight

Martin Lewis warns new energy price drop forecast for summer will still see bills higher than current rate

Energy bills are set to rise by 20% in April when the Energy Price Guarantee rises to £3,000.

Daily Record

Cost to Treasury of subsidising home energy bills falls by £5bn, experts say

Drop in wholesale gas prices means the cost to the government of the energy price guarantee will be reduced

The Guardian - UK

Huge energy bills could persist until 2030 and are not a ‘single winter problem’, expert warns

Exacerbated by Russia’s war in Ukraine, gas and electric costs are at record levels

The Independent UK

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High gas prices won’t be a one-winter problem, warns energy market expert

Cornwall Insight says the market may not get back to pre 2021 levels for the rest of the decade

Evening Standard

Martin Lewis shares new energy bill forecast for April after £2,500 UK Government price cap ends

Cornwall Insight predicts a 48% hike in gas and electricity bills in April.

Daily Record

Martin Lewis warns energy price cap could rise another 48% in April

The cap is expected to jump again despite lower wholesale energy prices

Wales Online

Martin Lewis explains how much energy bills could cost from April after predicted 48% rise

The financial expert said that energy bills are not forecast to rise as much as previously thought - but are still predicted to jump by more than £1,000 a year

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New April energy bills predictions - and Martin Lewis says it's GOOD and BAD news

Energy prices could go up by 48% next year, meaning the average home pays £3,700 for their gas and electricity, but MSE boss Martin Lewis says consumers may still have dodged a bullet

Daily Mirror

Martin Lewis warns British Gas and EDF customers that bills could rise next year

Industry analysts at Cornwall Insight suggest that the UK will face a 73% hike in energy prices from April, 2023

Wales Online

ITV Good Morning Britain: Martin Lewis explains what government's U-turn means for energy bills

Appearing on GMB, the Money Saving Expert founder also mentioned what help might be coming to those struggling

Nottingham Post

Martin Lewis warns energy bills could hit £4,350 in April when price cap guarantee ends

Early forecasts from Cornwall Insight predict a 75% increase in energy bills from April.

Daily Record

Martin Lewis explains how much energy bills could rise by next year in grim forecast

MoneySavingExpert founder Martin Lewis has shared the latest prediction from analysts at Cornwall Insight following an announcement from new Chancellor Jeremy Hunt

Daily Mirror

Average energy bill forecast to hit £4,347 after Truss U-turn on support

Move to reduce duration of help from two years to six months could mean financial cliff edge for millions in April, charities warn

The Guardian - UK

UK price cap on household energy bills expected to cost £89bn

Exclusive: Liz Truss’s intervention to freeze domestic energy bills could cost between £72bn and £140bn, analysis finds

The Guardian - UK

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The Guardian - UK

Hydrogen could ‘nearly double’ cost of heating a home compared with gas

Using hydrogen would add about 70% to home energy bills, according to a report by a renewable energy charity

The Guardian - UK

Energy support package: what business owners need to know

Benefit of six-month scheme for firms will depend on type of energy contract and date it started

Daily Mirror

Martin Lewis gives advice on which energy bill to pick as price cap rises

MSE founder Martin Lewis says consumers should consider picking a fixed rate energy deal ahead of prices rising again from October, with average gas and electricity costs predicted to be £3,549 a year

Edinburgh Live

Experts predict when energy price cap could actually go down

The new price cap, announced on Friday morning, is a rise of more than 80% on April's figure of £1,971 and will come into effect for around 24 million households from October 1.

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The Independent UK

Tory voters say Liz Truss and Rishi Sunak lack solutions to energy crisis

Exclusive: Poll reveals Conservative supporters’ lack of faith in candidates – and public’s rejection of their priorities

Daily Mirror

Energy price cap branded 'very bad idea' that has 'outlived purpose' by expert

Robert Buckley, head of relationship development at energy consultancy Cornwall Insight, said the price cap was “always going to lead the market into disrepute"

Manchester Evening News

Forecasts predict when energy bills will go back down again - but experts warn 'era of cheap energy is over'

Analysts say the energy price cap could rise to as much as £7,200 before falling again

Evening Standard

Energy bills soar to £3,549 – and it’s not all Russia’s fault

Today, energy regulator Ofgem announced that the price cap would rise on 1 October from £1,971 to £3,549. It gets worse. Cornwall Insight, the consultancy that previously predicted today’s rise to the virtual penny, warns it’ll climb to nearly £7,000 a year by next April.

Manchester Evening News

Annual energy bills to top £7,000 by spring next year, forecast predicts after latest price cap announcement

The energy price cap is now being reviewed every three months instead of every six

Wales Online

Energy price cap could top £7,000 next year, experts warn

The price cap for the average household is already increasing by 80% to £3,549 for the three months starting in October

Wales Online

Experts forecast when the energy price cap might actually go down

The cap is going up 80% in October - and it could be next year before we see any fall

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