Ofgem should tell it straight: electricity prices are set to stay high for years | Nils Pratley

Regulator could do us all a favour with clear multi-year forecasts and breakdowns of electricity pricing It is easy to predict where the energy regulator will set the next quarterly price cap on Wednesday. It’s just a matter of tracking wholesale prices in Ofgem’s relevant backward-looking “observation period”. Energy consultant Cornwall Insight thinks the typical household bill be £1,850 , an increase of £209 from the previous quarter. It will be surprising if it is out by more than a few quid.

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