Energy price cap prediction shows the ‘potential for another energy crisis is real’

Energy price cap prediction shows the ‘potential for another energy crisis is real’
Date: 20th Mar 2026
Content Type: News Release

Cornwall Insight has predicted that the typical energy bill will rise to £1,973 a year from July 2026².

In response, National Energy Action Head of Policy and Public Affairs Matt Copeland says, ‘Today’s forecast shows the potential for another energy crisis is real, and the consequences are severe. Even a small rise hits low-income and fuel poor households very hard. They are already carrying massive debt and have no room to absorb further pressure.

‘The government and Ofgem must prepare properly now. That means tackling the growing mountain of energy debt and putting in place targeted financial support that protects the most vulnerable households when prices rise. It also means making sure fuel poor households are first in line for the measures in the Warm Homes Plan that will cut bills for good, including insulation and clean heat technologies.

‘If we wait for a full-blown crisis before acting, it will be too late for the millions already struggling to stay warm and stay out of debt.’

 

ENDS

 

Notes to editors

  1. National Energy Action (NEA), is the national fuel poverty charity, working across England, Wales and Northern Ireland, to improve the lives of people in fuel poverty. We directly support people with energy and income maximisation advice, and we advocate on issues such as the current energy crisis and the need to improve the energy efficiency of our homes. See: www.nea.org.uk.
  2. https://www.cornwall-insight.com/predictions-and-insights-into-the-default-tariff-cap/
  3. Ofgem estimates the typical household in England, Scotland and Wales uses 2,700 kWh of electricity and 11,500 kWh of gas in a year.

If this goes online, please link to https://www.nea.org.uk/energy-crisis/. We are on Twitter/X: @NEA_UKCharity and Bluesky: @nea.org.uk.