The latest projections show that average energy bills will increase to £1,973 from 1 July 2026, representing a 20% price increase compared to the level just before the rise (i.e. taking into account the reduction of bills from 1 April).
Simon Francis, coordinator of the End Fuel Poverty Coalition, said: “This amounts to a £332 Trump Tax on household energy bills as the conflict continues. At the same time, energy industry profits are likely to rise again as households are left exposed to another global oil and gas price shock.
“Government should be ready with targeted support for households from 1 July while planning for more universal measures if the price surges continue. Meanwhile it must use this moment to speed up home upgrades, electricity pricing reform and the shift to homegrown renewables.
“Households cannot be left to foot the bill for global instability while energy companies and markets benefit from the turmoil.”
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