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.

Read full article

Stock Forecasts

AI prediction results, not representative of any investment advice.

XLE View XLE chart on TradingView

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.

Related News

Stocks Slide as Fed Rate-Cut Bets Pared Back: Markets Wrap

Nov 15, 2024, 3:36 AM

(Bloomberg) -- European equities and US futures fell after Jerome Powell indicated the Federal Reserve was in no rush to cut interest rates.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndNYC Congestion Pricing Plan With $9 Toll to Start in JanuarySaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsThe Stoxx 600 slipped 0

XLP

XLE

QQQ

The House now belongs to the GOP. Here's what party leaders say they'll do first.

Nov 14, 2024, 4:47 AM

The House of Representatives is likely to again be under GOP rule next year, cementing a unified control of power across Washington in 2025.

XLE

ICLN

Betting markets suggest Trump will pick pro-crypto adviser to lead Treasury

Nov 12, 2024, 11:31 AM

President-elect Trump is in the process of making nominations to fill out his Cabinet, and betting markets have identified a clear front-runner for the Treasury secretary role.

XLE