Energy bills set to go up again - when to expect the increase View Image

Household energy bills are expected to drop slightly in January, according to new forecasts - but will then go up again. Experts at Cornwall Insight have said energy regulator Ofgem’s price cap is expected to dip by 1%, taking it down by £22 to an average bill of £1,733 a year for a typical household from January.

But analysts at the specialist consultancy said they expect the price cap to tick higher again from April. Craig Lowrey, principal consultant at Cornwall Insight, said: “January’s price cap dip might look like good news but it’s only part of the picture.

“Bills are still well above pre-crisis levels and are set to climb again in April, and this time it’s not higher wholesale prices driving the rise.”

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