Energy Bills 2025: The Second Winter, the Same Old Price
Alright, folks, strap in. If you thought the October bump was a one‑off, think again. The latest scoop from Cornwall Insight tells us that Ofgem is set to push the energy price cap up once more as we hit the cold snap in January.
What the Numbers Say
- Current cap (starting Jan 1, 2024): £1,717
- Projected cap for Jan 1, 2025: £1,736 – a modest 1% jump
- That’s the ballpark for the average household bill during the second winter, so brace yourselves.
Why This Happen?
Cornwall Insight’s chatter this week paints a bleak picture. “After the October price cap hike, many hoped for a relief in January,” they warn. But the forecast? High prices linger through the winter season.
The Outlook for 2025
- Second quarter: slight dip expected as Ofgem recalibrates the cap every three months.
- Fourth quarter: similar modest easing as wholesale markets adjust.
Craig Lowrey’s Take
Principal consultant at Cornwall Insight, Craig Lowrey, rolled his eyes at the market’s lack of mercy. He says:
- “Supply worries are keeping the market jittery, while extra charges stay steady, so the price stays flat.”
- “We expected a drop, but the reality is an unbroken stance on high prices. That’s a slap in the face.
- “If high prices are here to stay, the government must act. That means social tariffs, better price caps, revamped benefits, or other perks for the vulnerable. It can’t just be a ‘wait and see’ approach.”
Short‑Term Support: A Call to Action
Lowrey’s message is clear: it’s high time the government stops playing fetch with energy costs and actually helps those who need it. The blanket of cold isn’t getting any thinner, and it’s time to flex the policy muscles.
Stay Informed
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