UK energy bills forecast to hit £3,850 as Russia cuts gas supply further
Home energy bills in the UK could soar to £3,850 from January, after Russia further squeezed Europe’s gas supplies, according to a forecast that would spell further misery for people already struggling to afford gas and electricity.
The prediction, which some industry sources said should be treated with caution, follows a surge in European gas prices, as Russia cut flows through the Nord Stream 1 pipeline.
The energy-focused management consultancy BFY said it now expected October’s price cap to hit £3,420, while the subsequent rise in January could be as high as £3,850. read more
