When will energy (gas and electricity) prices cap in the UK stabilise again, at 2021 price?
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Helene Meier, Prediki SupportModification proposal 1 accepted on 2022/08/21 04:24:00- 2 years ago
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QuestionWhen will energy (gas and electricity) prices cap in the UK stabilise again, at 2021 price?Judgement ruleIn the UK, energy prices are capped. These set the maximum amount that energy suppliers are permitted to charge.
Energy price cap in the UK used to be stable. April 2022 marked the first significant increase, to £1,971 per year. This was an increase of 54% from the previous period.
In May 2022, Ofgem, the regulator, said it was expecting the price cap to jump again in October by 42%, to around £2,800. Energy consultancy Cornwall Insight estimates that the increase will be far higher, and will hit nearly £3,360 a year, which is a 70 per cent increase. It believes that the cap could exceed £3,600 in January before hitting a peak of nearly £3,730 in the second quarter of 2023. It is likely to remain elevated, at around £3,470 a year, at the end of 2023.The question will be judged by the year in which the energy price cap in the UK set by Ofgem, the regulator, will fall back to the 2021 level of £1,280 per year or below.Question typeUnordered alternativesOrdered answer scaleAnswers-
1. (20.00%) 2023
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2. (20.00%) 2024
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3. (20.00%) 2025
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4. (20.00%) 2026
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5.
Energy prices cap will never fall below Oct 2022 level(20.00%) Later or never
Time zoneEurope/BerlinReference date:2026/08/01 24:002026/12/31 24:00Result expected on2026/08/01 24:002026/12/31 24:00Trading session (optional):2022/08/04 08:00 until 2022/08/22 12:00- Needs owner support
- 100.00% Yes
- 0.00% No
- 36.59% Participation
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New question proposed accepted on 2022/08/03 17:04:10- 2 years ago
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QuestionWhen will energy (gas and electricity) prices cap in the UK stabilise again, at 2021 price?Judgement ruleIn the UK, energy prices are capped. These set the maximum amount that energy suppliers are permitted to charge.
Energy price cap in the UK used to be stable. April 2022 marked the first significant increase, to £1,971 per year. This was an increase of 54% from the previous period.
In May 2022, Ofgem, the regulator, said it was expecting the price cap to jump again in October by 42%, to around £2,800. Energy consultancy Cornwall Insight estimates that the increase will be far higher, and will hit nearly £3,360 a year, which is a 70 per cent increase. It believes that the cap could exceed £3,600 in January before hitting a peak of nearly £3,730 in the second quarter of 2023. It is likely to remain elevated, at around £3,470 a year, at the end of 2023.Question typeUnordered alternativesAnswers- (20.00%) 2023
- (20.00%) 2024
- (20.00%) 2025
- (20.00%) 2026
- (20.00%) Energy prices cap will never fall below Oct 2022 level
Time zoneEurope/BerlinReference date:2026/08/01 24:00Result expected on2026/08/01 24:00Trading session (optional):2022/08/04 08:00 until 2022/08/22 12:00- No support required
- No voting required