New Times,
New Thinking.

  1. Chart of the Day
7 January 2022

How UK energy bills are set to surge this year

Typical energy bills are forecast to increase by 75 per cent to £2,240.

By Ben Walker

Surging wholesale gas and electricity prices could push up the default price cap to an eye-watering level for UK consumers, a Cornwall Insight analysis has found.

Recent years have seen average energy bills hover around £1,100 a year. The estimate from Cornwall Insight, however, is that owing to surging prices, both as a consequence of geopolitical pressures in Europe and general supply concerns, typical energy bills would increase by 46 per cent in the summer months of 2022 to £1,864 and by over 75 per cent to £2,240 in the winter months.

It remains to be seen whether these figures are realised but Chancellor Rishi Sunak has seemingly slapped down hopes that the government will rush to the aid of hard-pressed consumers.

Select and enter your email address Your weekly guide to the best writing on ideas, politics, books and culture every Saturday. The best way to sign up for The Saturday Read is via The New Statesman's quick and essential guide to the news and politics of the day. The best way to sign up for Morning Call is via
  • Administration / Office
  • Arts and Culture
  • Board Member
  • Business / Corporate Services
  • Client / Customer Services
  • Communications
  • Construction, Works, Engineering
  • Education, Curriculum and Teaching
  • Environment, Conservation and NRM
  • Facility / Grounds Management and Maintenance
  • Finance Management
  • Health - Medical and Nursing Management
  • HR, Training and Organisational Development
  • Information and Communications Technology
  • Information Services, Statistics, Records, Archives
  • Infrastructure Management - Transport, Utilities
  • Legal Officers and Practitioners
  • Librarians and Library Management
  • Management
  • Marketing
  • OH&S, Risk Management
  • Operations Management
  • Planning, Policy, Strategy
  • Printing, Design, Publishing, Web
  • Projects, Programs and Advisors
  • Property, Assets and Fleet Management
  • Public Relations and Media
  • Purchasing and Procurement
  • Quality Management
  • Science and Technical Research and Development
  • Security and Law Enforcement
  • Service Delivery
  • Sport and Recreation
  • Travel, Accommodation, Tourism
  • Wellbeing, Community / Social Services
Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.

Content from our partners
Peatlands are nature's unsung climate warriors
How the apprenticeship levy helps small businesses to transform their workforce
How to reform the apprenticeship levy