The translation of the heading into English is: "Energy price forecasts dim hopes for lower costs in January.

  • Pensioners are particularly affected by the lack of winter fuel payments.
  • The energy costs in the United Kingdom are expected to rise in January despite previous expectations.

Eulerpool News·

The expectations of British households that energy costs could decrease in January seem to be disappointed. According to the latest forecast by Cornwall Insight, Ofgem, the energy market regulator, will announce on Friday that the typical household energy bill will increase by 1 percent or £19 to £1,736—an increase from the predicted £1,717 on January 1st. After the 10 percent price increase in October, many hoped for a reduction in the price cap, but the current forecast shows that this will not happen. Particularly affected are millions of pensioners who, due to a government decision, will have to forego winter fuel payments this winter unless they receive a pension credit or other benefits. About 10 million pensioners will have to forego payments of up to £300 this year. Cornwall Insight is pessimistic about the winter, but prices could slightly fall in the second and fourth quarters of the coming year. Ofgem adjusts the price cap every three months, with the next decision for the first quarter expected on November 22nd. The energy price cap, introduced by the government in January 2019, determines the maximum price per kilowatt-hour consumed for consumers in England, Scotland, and Wales. This does not protect against rising total bills, as they depend on actual consumption. Despite the crisis triggered by the Russian invasion of Ukraine in February 2022, prices remain lower than their peak, though they remain geopolitically sensitive. Craig Lowrey, principal consultant at Cornwall Insight, points out that market volatility is partly due to ongoing supply fears, and additional charges have largely remained stable. These developments make it unlikely that the autumn increases will be reversed in winter.
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