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Energy Bills Set to Rise £196 Amid Market Volatility

4/17/2026

29 2 Full Breakdown

Summary

Story summary

The average energy bill will rise by £196 from July, with the price cap at £1,837 for typical dual fuel users.
Cornwall Insight forecasts this rise is lower than the £332 rise predicted in March.
The ongoing Middle East conflict creates volatility in wholesale gas and electricity costs.
Ofgem will announce the new price cap by May 27, and the government has extended electricity bill assistance to 10,000 firms.

History

Historical Context

In 2022, the UK faced a significant energy crisis, with average household bills rising by £196 to £1,837, influenced by global market volatility and geopolitical tensions, particularly the Russo-Ukrainian War. The government responded by extending electricity bill assistance to 10,000 firms, highlighting the long-term implications of these conflicts on domestic energy security and economic stability.

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Story summary

The average energy bill will rise by £196 from July, with the price cap at £1,837 for typical dual fuel users.
Cornwall Insight forecasts this rise is lower than the £332 rise predicted in March.
The ongoing Middle East conflict creates volatility in wholesale gas and electricity costs.
Ofgem will announce the new price cap by May 27, and the government has extended electricity bill assistance to 10,000 firms.

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