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Energy Price Cap Set to Soar, Households Brace for £1,973 Bills

3/21/2026

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Summary

Story summary

Cornwall Insight forecasts the energy price cap will rise by £332 by July, increasing the typical dual-fuel household bill to £1,973.
The increase follows a temporary £117 reduction from April 1 due to the removal of green levies.
The government is considering targeted support for vulnerable households as costs rise.
Heating oil prices have surged from 60p to more than £1.31 per litre, increasing hardship for households relying on heating oil.

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Story summary

Cornwall Insight forecasts the energy price cap will rise by £332 by July, increasing the typical dual-fuel household bill to £1,973.
The increase follows a temporary £117 reduction from April 1 due to the removal of green levies.
The government is considering targeted support for vulnerable households as costs rise.
Heating oil prices have surged from 60p to more than £1.31 per litre, increasing hardship for households relying on heating oil.