Energy bills rise 10% as financial support withdrawn
Published On Sep 30, 2024, 7:03 PM
Energy prices in the UK have risen by 10%, affecting approximately 27 million households. The average annual bill will increase to £1,717. This comes at a time when additional cost-of-living support is being withdrawn, particularly impacting low-income earners and pensioners. While future forecasts predict a slight decrease in energy costs, many households continue to face challenges in managing their energy bills.
Stock Forecasts
SPY
Positive
The forecasted slight decrease in prices in January suggests that energy stocks may find short-term relief; however, broader economic pressures may persist. Investors should watch for companies that are actively supporting vulnerable customers as potential long-term players.
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