UK Energy Bills Skyrocket by £1929, Summer Increase Likely

UK household energy bills set to surge by £288 per year, with the price cap expected to reach £1,929 for a typical dual-fuel home. Experts predict an 18% increase from the current level, driven by soaring wholesale prices due to the Middle East conflict. While a brief calm in attacks has slightly reduced the forecast, pressure is mounting on Chancellor Rachel Reeves for a bailout package, with Tories proposing a £200 immediate bill cut by axing VAT, taxes, and levies on energy. Ofgem will announce the official numbers on May 27th, with potential harsher impacts in October if prices remain high.

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