Cornwall Insights usually produces accurate forecasts for future energy price rises. This morning they say:
“Forecasts for July now sit at £1,929 per year for a typical dual‑fuel household. While predictions have dipped slightly in the past few days – £44 since 19 March – the forecast still represents a rise of £288 or 18% percent on the April 2026 level of £1,641.
Should high gas, power and oil prices continue, the effects will go beyond household bills. Inflationary pressure and rising project costs could start to weigh on investment decisions and slow the pace of new infrastructure, although the full extent of these knock-on effects will take time to become clear.”
Starmer is meanwhile hosting another COBRA meeting today. Still no action plan from the government…
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