British energy price cap set for 18 percent July increase
Cornwall Insight forecasts the UK energy price cap will rise 18 percent to 1,929 pounds in July. The increase is driven by higher international wholesale gas prices.
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Insights:
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Domestic energy bills in the United Kingdom are expected to see a sharp rise this summer, according to the latest projections from Cornwall Insight. The analysts forecast that the energy price cap will increase by approximately 18% in July, a slight downward revision from their previous estimate of 20% as wholesale markets begin to steady.
