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The new energy price cap is now in force, with the UK’s exposure to volatile gas prices continuing to hit household bills. As energy firms post huge profits and households struggle, our film explains why people need lasting protection from unaffordable energy bills.

Cornwall Insight's final price cap forecast for October is in, and bills are set to rise by 4%. On a unit for unit basis this takes them to their highest level since July 2023. Ongoing uncertainty around the US-Iran conflict has pushed wholesale gas prices for this winter to a near four-year high. European storage operators are struggling to refill stocks before the cold weather hits, and gas-in-store levels are sitting at historic lows for this time of year. A heatwave across Europe hasn't helped either, with air conditioning demand adding further pressure to gas needs for power generation. VAT is being cut from electricity bills from October, saving around £45 a year. But wholesale market swings are outweighing that saving, which is why bills are still heading up despite the cut. 🔷 Here is a figure breakdown: Under @ofgem new definition of a typical consumer, introduced in July 2026, the annual cap is expected to rise to £1,729 from the current £1,663. Under the previous definition the annual cap is expected to rise to £1,941, from the current £1,862. The amount a household pays depends on their usage, with these numbers reflecting Ofgem’s view of typical annual household energy demand. Per Unit Cost (p/kWh) Electricity: 26.57 Gas: 7.90 Standing Charge (£/per day) Electricity: 0.55 Gas 0.31 Read the full analysis: cornwall-insight.com/press-r…

While big business profits, far to many people are in a desperate position, saddled with unrepayable energy debt and unaffordably high energy costs. Time for fairness, time for changes that put people first.

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