#wholesale-gas-prices

#wholesale-gas-prices

Energy consultancy Cornwall Insight predicts that Ofgem's price cap for the period from July to September could reach £1,801 per year for a typical dual-fuel household. This is about £160 higher than the cap set in April, representing a roughly 10% increase. Cornwall Insight describes this potential rise as a 'cause for concern' and notes that higher gas costs will also impact electricity prices, given the UK's ongoing reliance on gas-fired power generation.