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Consumers brace for ‘awful April’ and Iran war cost hikes, which have pushed UK’s gas market past three-year highs
Households in Great Britain could see their energy bills increase by about £290 a year to almost £2,000 from this summer in a “tough pill to swallow” for consumers already braced for a volley of “awful April” cost hikes from Wednesday.
A typical gas and electricity bill is now forecast to reach £1,929 a year from July under the industry regulator Ofgem’s quarterly price cap, according to analysis by the energy consultancy Cornwall Insight.
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