Energy prices forecast to rise again in January
Published On Nov 18, 2024, 1:54 AM
Energy prices for households in the UK are predicted to increase by 1% starting in January, with typical annual bills rising to £1,736 from £1,717. This forecast comes from Cornwall Insight, which indicates that prices will remain high throughout the winter. The UK energy regulator Ofgem is set to announce the latest quarterly price cap soon, raising concerns about the impact on low-income households and pensioners.
Stock Forecasts
XLE
Positive
With energy prices set to rise and remain elevated, energy companies could benefit from increased revenue. This could signal a positive outlook for companies in the sector, particularly those involved in energy production and distribution.
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