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UK household energy bills forecast to rise about 25% in January 2027

Bloomberg, citing Bloomberg Economics, says the projected price spike could push UK inflation above 4% in 2027—double the Bank of England’s target.

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1 Source, 15d ago, first seen 15d ago

TLDR

Bloomberg reports, citing Bloomberg Economics analysis, that UK household energy bills are forecast to rise about 25% in January 2027 as the Iran war drives up gas and electricity prices. The analysis expects Ofgem’s energy price cap to increase by about £427 to around £2,150 a year for the average household. It finds the price spike could push UK inflation above 4% in 2027, double the Bank of England’s target.

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1 Source, first seen 15d ago

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Combined views

164K

1 Source, first seen 15d ago

403 likes101 comments100 saves216 reposts

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1 Source

@alexwickhamExclusive: UK household energy bills are forecast to jump *by about 25%* in January as the Iran war drives up gas and electricity prices, according to analysis by Bloomberg Economics The coming price spike means UK inflation could climb above 4% next year, double the BoE target, the analysis finds The Ofgem energy price cap is expected to rise by about £427 to around £2,150 a year for the average household, according to the forecasts This would push bills close to the £2,500 cap brought in by the government following Russia’s full-scale invasion of Ukraine in 2022 It’s a major threat to Andy Burnham’s pledge to be the cost-of-living prime minister Story by @EamonFarhat: https://www.bloomberg.com/news/articles/2026-09-15/uk-energy-bills-forecast-to-jump-25-and-drive-up-inflation
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    1 Source

    @alexwickhamExclusive: UK household energy bills are forecast to jump *by about 25%* in January as the Iran war drives up gas and electricity prices, according to analysis by Bloomberg Economics The coming price spike means UK inflation could climb above 4% next year, double the BoE target, the analysis finds The Ofgem energy price cap is expected to rise by about £427 to around £2,150 a year for the average household, according to the forecasts This would push bills close to the £2,500 cap brought in by the government following Russia’s full-scale invasion of Ukraine in 2022 It’s a major threat to Andy Burnham’s pledge to be the cost-of-living prime minister Story by @EamonFarhat: https://www.bloomberg.com/news/articles/2026-09-15/uk-energy-bills-forecast-to-jump-25-and-drive-up-inflation
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