Energy bills could double to nearly £4,000 by January

The latest forecast comes after the Kremlin further strangled the flow of gas to Europe

RISING ENERGY PRICES: Predictions expect the cap on bills to hit £3,850 between January and April next year

The price paid for gas in the UK is determined by what happens across the Continent, and while the UK gets very little of its gas directly from Russia, the latest forecast comes after the Kremlin further strangled the flow of gas to Europe. BFY now believes Ofgem will have to set the earlier October price cap change at £3,420, with another increase expected when the cap is reviewed in January.

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