- Energy bills for typical dual fuel households are predicted to rise by 13% from July, reaching £1,850 annually.
- This increase, forecast by Cornwall Insight, is partly attributed to the ongoing Middle East conflict and its impact on wholesale energy markets.
- The current price cap of £1,641 annually is set to increase by £209, with Ofgem announcing the new cap on 27 May.
- Experts warn of a potential 'payment shock' in October as energy demand rises, with forecasts suggesting similar high cap levels.
- There are growing calls for the Government to outline specific support measures for vulnerable households ahead of the winter.
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