Even more expensive living expenses?
The head of Octopus Energy has warned that energy prices could rise even further in the winter.
Greg Jackson told LBC: “Global energy prices are one of the most volatile markets and so making a strong prediction is foolish.
“But what we do know is that the next energy price cap will be set by the prices we are seeing now because there is some kind of lag in the system.
“So unless global prices fall very quickly, energy costs for people in the UK will remain high over the winter. They could even be higher. We just don’t know.
“But obviously we are in a situation now where there are two factors that really make the difference.
“The first is whether there are further strategic moves regarding Russia, whether the gas taps will be turned off or not. And the second is what the weather does.
“What matters now, essentially, is Europe filling up its gas storage facilities because we have mild weather? Or will it be empty because we have bad weather?
“So depending on the weather between now and winter, there could be very big differences in energy prices over the next few months.”
https://www.thesun.co.uk/news/18157074/weather-uk-forecast-latest-snow-tracker-met-office-london/ UK weather forecast LIVE – EXACT date snow will fall to be DISCOVERED as Met Office warns of freezing temperatures and downpours