Energy bills could hit nearly £2,200 a year for thousands of households
Energy bills could hit nearly £2,200 a year for thousands of households Energy prices are expected to rise by nearly a third next year as Britain awaits Healey's budget. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Add us as preferred source Comments By Olivia Beeson 06:15, Tue, Oct 27, 2026 Updated: 06:18, Tue, Oct 27, 2026 Energy bills are expected to rise by 27 per cent (Image: Getty) Thousands of UK households may see energy bills climb to as high as £2,200 each year as world conflicts continues to drive up gas prices.
The surge is predicted by EDF in a new report seen by The Times , which forecasts a 27 per cent rise. This would see Ofgem's price cap increase from £1,723 a year now to a record high of £2,192 a year in January. The prediction comes as fresh attacks between the US and Iran have spiked gas prices to a new four-year high as fears continue to grow over supplies. Article continues below ADVERTISEMENT Households are expected to see prices hit a record high of 11.13p/kWh in January, according to the EDF report.
The previous record was 10.33 p/kWh at the beginning of 2023, triggered by Russia ’s invasion of Ukraine . Get personal finance news, money saving tips and advice plus selcted offers and competitions I would like to receive emails from the Daily Express featuring our latest products, services, offers, and promotions from across the Reach Plc family . Subscribe Invalid email You agree you are 18 or over. We use your sign-up to provide content in ways you've consented to and to improve our understanding of you.
This may include adverts from us and third parties based on our knowledge of you. You can unsubscribe at any time. More Info . Chancellor John Healey will deliver the budget on Wednesday (Image: Getty) The price cap is updated by Ofgem, the independent energy regulator, every three months as it assesses the state of the market. It limits what gas and electricity suppliers can charge customers based on the costs they are facing. The price of gas and electricity is expected to rise again in April.
A spokesman for EDF told The Times: “Rising wholesale gas prices are once again pushing up energy bills and the increases forecast this winter are worsening. Additional support for those least able to pay, alongside tackling the growing problem of energy debt, is essential for this winter. Article continues below ADVERTISEMENT State pension age change to 65 massive update as it crosses threshold after DWP response State pensioners under 77 set for £488 boost under Andy Burnham “Longer term, with 70 per cent of the UK’s total energy consumption still coming from oil and gas, we need to electrify the economy more quickly to improve resilience to future shocks and ensure we utilise the homegrown electricity being built.”
Article continues below ADVERTISEMENT It comes ahead of Chancellor John Healey's budget on Wednesday. Brits are facing soaring energy costs, and fears are spreading about staying warm this winter. The New Economics Foundation has urged Healey to find £6bn to expand energy support so every household is protected from the expected price rises. Energy bills Ofgem Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Add us as preferred source Comments
Read the original article on express.co.uk (opens in a new tab)