UK energy bills forecast to reach 3-year high: comment
UK’s domestic energy price cap is forecast to rise about 4% in October to a three-year high, analysts at Cornwall Insight said on Wednesday, with higher wholesale costs due to the Iran war expected to wipe out the government’s tax cut on electricity bills. New forecasts from Cornwall Insight put Ofgem’s energy price cap at £1,729 ($2,344) a year for…

