“What we are seeing is the extent to which there is so much uncertainty regarding the ongoing availability of gas from Russia to the European Union as winter approaches,” said Craig Lowery, a principal consultant at Cornwall Insight, speaking on BBC Radio 4’s Today programme on Tuesday.
What to expect?
The UK’s energy bills could reach even over 3,600 more this winter.
The amount of money we are to spend on electricity is huge:
“Frankly it has not been uncommon to see our forecasts change by as much as £100 a day as a consequence of this. We really have seen throughout spring and summer this progressive trend upwards in our forecasts. But crucially what we are seeing is the level of increases in these forecasts is continuing well into 2023 and at this point we don’t see any sign of it easing off going into 2024.” – we could hear.
