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.
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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