Cost of living: Energy bills forecast to hit £3,363 a year

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The typical energy bill could reach £3,363 in the new year.

Typical domestic energy bills could hit more than £3,300 a year this winter, according to the latest forecasts.

Dr Craig Lowrey, principal consultant, said: "There is always some hope that the market will stabilise and retreat in time for the setting of the January [price] cap. "This winter will be catastrophic, the hideous spikes in wholesale energy will translate by October into [regulator] Ofgem setting a price cap for a typical bill of around £3,000 a year - close to four times what some paid just two years go. It will push millions into poverty."

 

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