Energy bills could rocket to £3,616 this winter, experts warn

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Energy bills could rocket to £3,616 this winter, experts warn
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Energy bills could rocket to thousands this winter, experts warn

After October it could see the next increase in January 2023 instead of April.

The estimates are based on the wholesale cost of energy which has shot up in recent months due to global supply issues and the war in Ukraine.Russian supplyHe added: "While the rise in forecasts for October and January is a pressing concern, it is not only the level – but the duration – of the rises that makes these new forecasts so devastating.

“Given the current level of the wholesale price, this level of household energy bills currently shows little sign of abating into 2024."

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