Expert predictions for bills when Energy Price Guarantee ends

Prime Minister Liz Truss’ Energy Price Guarantee was brought in this month, described by Jeremy Hunt as a ‘landmark’ policy, and thought to cost up to £150bn. Superseding Ofgem’s energy price cap, the EPG was one of Truss’ key policies, set to be in place for two years, however, following the financial uncertainty sparked by the mini-budget, this has been scaled back to 6 months.

The Chancellor explained on Monday 17th October that he and Truss agreed that it ‘would not be responsible to continue exposing public finances to unlimited volatility in international gas prices.’ While no one can predict what wholesale energy prices will look like come spring, energy analysts at Cornwall Insight (opens in new tab) have revealed their early forecasts.

kitchen with white tiled backsplash and gas hob

(Image credit: Future PLC)

Energy Price Guarantee ends April 1

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