![\"Energy](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/04\/1776517510_931_energy-bills.jpg\")
<\/p>\nBritish households can expect their energy bills to climb by \u00a3196 annually from July, according to fresh forecasts from Cornwall Insight.<\/p>\n
The energy consultancy predicts Ofgem’s price cap will reach \u00a31,837 for a typical dual fuel home between July and September, representing a 12 per cent jump compared to the current April level.<\/p>\n
Back in early March, Cornwall Insight had forecast bills could surge by \u00a3332 to reach \u00a31,973 when the new cap takes effect.<\/p>\n
The regulator will confirm the official cap figure by 27 May. The current cap stands at \u00a31,641 following a seven per cent reduction in April.<\/p>\n
Wholesale energy markets remain turbulent due to the ongoing conflict in Iran, which began on 28 February. <\/p>\n
Cornwall Insight has warned that a July price cap increase is “effectively unavoidable” because soaring wholesale costs are already factored into the calculation.<\/p>\n
The consultancy sees little prospect of prices dropping to pre-war levels in the coming weeks. The latest forecast does signal some relief from the sharp price spikes witnessed when hostilities first erupted. <\/p>\n
However, British consumers will still face substantial rises in their gas and electricity costs as the Middle East conflict continues to drive up wholesale energy and oil prices across global markets.<\/p>\n
Energy bills set to jump \u00a3196 in July <\/p>\n
| GETTY<\/p>\n
Simon Francis, coordinator of the End Fuel Poverty Coalition, said: “The damage from the latest oil and gas price crisis is already baked into price cap predictions. <\/p>\n
“Millions of households in fuel poverty are going to be asked to find more money for energy on top of prices that are already unaffordable.”<\/p>\n
He added: “A smaller than planned increase is not relief. It is still an increase that will push more people into crisis and generate higher profits for the oil and gas industry.”<\/p>\n
Mr Francis pointed out that families already struggling with energy debt have no financial cushion to absorb further rises, with global events continuing to dictate what consumers pay.<\/p>\n
![\"Man](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/04\/man-on-phone-while-looking-at-energy-bill.jpg\")
The Strait of Hormuz, through which a fifth of global crude oil typically passes, has been disrupted since the US-Israeli offensive began<\/p>\n
| GETTY <\/p>\n
He called on ministers to outline both immediate and longer-term assistance for struggling households.<\/p>\n
The Strait of Hormuz, through which a fifth of global crude oil typically passes, has been disrupted since the US-Israeli offensive began. <\/p>\n
“Iran’s foreign minister Abbas Araghchi announced on Friday that the waterway was “completely open” for commercial vessels during the ceasefire period.<\/p>\n
![\"Energy](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/04\/energy-bill-statement-on-mobile-phone-with-money-beside-it.jpg\")
The Government has indicated it will consider further targeted support as part of contingency planning<\/p>\n
| PA<\/p>\n
Brent crude dropped sharply to 89.15 dollars per barrel on Friday afternoon, down from 98.39 dollars at Thursday’s London close.<\/p>\n
However, Iran’s state broadcaster IRIB has since confirmed the strait is “now closed” again, with Tehran claiming Washington failed to meet its obligations.<\/p>\n
The Government has indicated it will consider further targeted support as part of contingency planning, and this week extended electricity bill assistance to 10,000 businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"British households can expect their energy bills to climb by \u00a3196 annually from July, according to fresh forecasts…\n","protected":false},"author":2,"featured_media":537780,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,5363,2222,2331,56,54,55],"class_list":{"0":"post-537779","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-energy-bills","11":"tag-money","12":"tag-sgg","13":"tag-uk","14":"tag-united-kingdom","15":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/537779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=537779"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/537779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/537780"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=537779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=537779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=537779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}