Higher Energy Prices On The Way – But Here’s What Might Change

By Times News

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“Our forecast for the next couple of quarters out to October is that we will see those sustained high prices. The future beyond that, of course, is much more difficult to forecast.” Regulator Ofgem has announced a 13 per cent increase to the energy price cap taking effect in July, but while we’re likely to see further bill increases over the next year, multiple factors could mitigate the shocks of global crises on our fuel supply, says Cornwall Insights energy supply lead, Tom Goswell. Tom Goswell was speaking to Jo Coburn on The Times At One. Listen live every Monday to Thursday from 1-2pm. Read the best of our journalism: https://www.thetimes.com/ Listen live to Times Radio: https://www.thetimes.com/radio/live Subscribe to The Times and The Sunday Times YouTube channel: https://www.youtube.com/subscription_center?add_user=timesonlinevideo Find us on Facebook: https://www.facebook.com/timesandsundaytimes/ Find us on X: https://x.com/thetimes Find us on Instagram: https://www.instagr

Tags: the times, the sunday times, energy crisis, ofgem, bills, ukraine, iran, russia

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