Big element of energy bills set to rise as price cap eases
A major component within household energy bills is set to rise sharply from next year to help pay for efforts to maintain energy security during the transition to green power.
Households and businesses will have to wait for energy bills to fall significantly because "there's no shortcut" to bringing down prices, the energy minister has told Sky News.
Average annual energy bills will rise by £332 in July, more than double the previously anticipated increase, due to high oil and gas prices driven by the war in Iran, trusted forecasters predicted....
There is rampant speculation that the government might do something to bring down energy bills in the budget next week - but what could this look like, and will other taxes go up?
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