Energy bill costs expected to remain at record-high levels throughout 2023

The average household energy bill is expected to hit £3,359 per year from October and stay at this rate — or higher — until the end of 2023, new analysis suggests.

This means energy bills will remain at more than two-and-a-half times their pre-crisis levels for the next 17 months.

Cornwall Insight, one of the country’s most respected energy consultancies, said the price cap on energy bills, which regulates what 24 million British households pay, will hit a staggering £3,359 per year from October, rising to £3,616 in January and £3,729 from April 2023.

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