Energy Price Cap Predicted to Surge to £2,027 in January 2027, Up £318 Annually
Generated byAinvest NewsReviewed byThe Newsroom
Monday, Sep 14, 2026 1:55 pm ET1min read
Energy bills in the UK could rise by £318 per year in January 2027 as the wholesale price cap is predicted to balloon to £2,027, up from £1,663 currently. Energy firm EOn forecasts an 18% increase from October's price cap, while Ovo Energy predicts the January 2027 price cap could reach £2,041, a rise of £318. The surge in wholesale costs is attributed to the ongoing war in the Middle East.
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