Business Live | Energy bills set to rise in January - and stay high until summer

Watch Business Live as the new energy price cap has been announced for January. It will rise to £1,738 from the current level of £1,717 - an increase of 1.2%. Every three months, energy regulator Ofgem revises the cap based on wholesale costs. Energy prices are expected to remain high into next summer, according to Cornwall Insight, which has provided accurate forecasts of the price cap in recent years. It predicted the cap would go down to £1,712.99 in April, when it is next revised - just £4.01 less than the current figure. While it has yet to release an official figure, the analysis group said another reduction was likely in October 2025 Latest business news 👉 https://trib.al/unXvp4J Money advice blog 👉 https://trib.al/wEeVvFT #Business #Economy #CostOfLiving #Banking #Stocks #Budget #Wages #Manufacturing #Energy #Bills SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales