UK Energy Bills Could Jump 25-30% From January as Gas Prices Soar
The UK household energy bills could jump by between 25% and 30% in the first quarter of 2027 amid surging natural gas prices as the Middle East crisis drags on, analysts say, warning that the government may have to spend more money on measures to ease the cost-of-living crisis. Household energy bills will rise by 4% from October for the fourth quarter of this year. But the jump for the first…
The cost of household energy bills in the UK is set to surge by between 25% and 30% in the first quarter of 2027, according to analysts. This surge is attributed to the ongoing Middle East crisis, which is leading to soaring natural gas prices. While the energy bills are expected to rise by 4% in October for the fourth quarter of the current year, the jump for the first quarter of 2027 could be as high as 30%, as reported by France's EDF, a major energy provider in the UK.
Bloomberg Economics also projects a 25% increase for the period from January to March 2027. The UK's energy regulator, Ofgem, recently raised the energy price cap by 4% for October through December 2026, pushing bills to a three-year high at the beginning of winter. With the energy price cap set to increase by 30% to £2,165 ($2,897) a year for a typical household from January to March 2027, compared to £1,723 ($2,306) for October to December 2026, the impact on consumers could be significant.
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