Energy Prices Set to Rise Again
Cornwall Insight's forecast predicts that domestic energy prices will increase by 5% from April, adding £85 a year to household bills. The rise is attributed to a combination of colder weather and a fall in gas storage levels across Europe, leading to higher wholesale prices. This marks the third successive hike in energy bills, placing additional pressure on households already struggling with debt.
- The escalating energy costs underscore the vulnerability of UK households to global market fluctuations and the need for policymakers to develop effective strategies to mitigate these impacts.
- As the government continues to face criticism over its handling of energy policies, what measures can be taken to address the underlying issues driving up household bills and ensure a more sustainable energy future?