Energy Bills To Rise More Than Predicted, Says UK Energy Regulator Ofgem Boss

An anonymous reader shares a report: Domestic energy bills will rise faster this winter than previously forecast by the energy regulator Ofgem, its chief executive has admitted to MPs. Jonathan Brearley said in late May that a typical household would pay $951 a year more from October. But, while giving evidence to MPs, he said it was "clear" that estimate for winter bills now looked too low. The original figure was used by ministers when deciding how much to pay in direct assistance this winter. One industry analyst has predicted a rise of more than $1,426 a year in October. Cornwall Insight said that the typical domestic customer was likely to pay $3,856 a year from October, then $4,000 a year from January. The typical bill at present is about $2,378 a year. In itself, this was a rise of $832 a year in April, compared with the previous six months.

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