As energy bills become more expensive from today, respected forecasters have said they are likely to rise further in spring instead of fall, as first anticipated.
The energy price cap rises from January, bringing the cost of a typical annual bill to £1,738 – £21 a year more than from October to December.
Bills had already become more expensive from October, up 10% a year – or £12 per month.
But now the forecast dip in April will not materialise, according to energy consultants Cornwall Insight.
Instead, the firm said the cost in April is expected to rise to £1,785 a year for a typical consumer, nearly a 3% increase on January’s cap, about an extra £4 a month on the average bill.
Compared to the three months from July, it will cost £217 a year more, according to the forecast.
Billpayers have seen energy costs rise every three months since July. Energy regulator Ofgem revises its price cap four times a year, setting out the maximum a provider can charge per unit of gas and electricity.
It’s assessed based on how much providers themselves are being charged to supply power and is intended to protect consumers and utilities.
Why are bills going up?
Continued volatility in international energy markets is behind the cost increases.
EU gas storage levels and uncertainty over the gas transit deal between Russia and Ukraine have contributed to “a level of volatility we haven’t seen for months”, according to Cornwall Insight’s principal consultant Dr Craig Lowrey.
The unknown impact of a Trump presidency on liquified natural gas (LNG) flows means the firm said its forecasts will “display a high degree of variability”.
These events resulted in higher wholesale prices which impact how much households are billed in the UK.
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2:35
Energy price cap rises again
These forecasts “could very well increase or decrease several times before the April cap is set”, Dr Lowrey said.
The official energy price cap announcement for the three months from April will come on 25 February.
Also influencing bills are possible changes to the standing charge, the fixed daily amount to receive gas and electricity.
Ofgem is consulting on introducing an option to include zero-standing charge options alongside existing tariffs, offering more consumer choice.
As of 31 December, Cornwall Insight anticipated a July price cap fall before an October rise.
David Beckham is set to receive a knighthood in the King’s upcoming Birthday Honours list, Sky News understands.
The former England football captain was awarded an OBE in 2003, on the recommendation of then prime minister Tony Blair, but is now set to receive further recognition.
Beckham, who turned 50 in May, would take on the title of Sir and his wife, former Spice Girl Victoria Beckham, would become Lady Beckham, as first reported by The Sun.
It has been a long-held ambition of Beckham’s, and rumours abounded last year he may finally get the honour after he was announced as ambassador to the King’s Foundation.
Speculation then hit fever pitch in December last year when he attended a state banquet for the first time, alongside his wife.
The monarch was heard asking the former Manchester United, Real Madrid and Paris Saint-Germain star, “You got it, didn’t you?”
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Beckham responded: “It was incredible, thank you. It was very kind.”
The Queen was then heard telling him: “I’m glad you got the roses.”
Image: Beckham and Prince William at a football match in 2012. Pic: PA
Services to football and beyond
The footballing legend played 115 times for England before his retirement in 2013. He is the only Englishman to score at three different World Cups.
His career included the treble-winning campaign of 1998-99 – when Manchester United won the Premier League, FA Cup and Champions League.
Image: He famously equalised against Greece in the dying seconds of a World Cup qualifier in 2001. Pic: PA
He also played a key role in securing the London 2012 Olympics and has been an ambassador for UNICEF since 2005.
In 2015, the organisation launched the David Beckham UNICEF Fund.
Victoria Beckham received an OBE for services to the fashion industry in 2017.
Image: Beckham played a key role in securing the London 2012 Olympics. Pic: PA
Beckham’s ‘hacked’ honours emails
Beckham’s hopes of being rewarded for his Olympic efforts in the 2014 honours list were scuppered by an issue with his taxes. HM Revenue and Customs placed a red flag on his nomination due to his involvement in an alleged tax avoidance scheme, according to previous reports.
Image: Beckham received an OBE in 2003. Pic: PA
In 2017, details of the footballer’s leaked emails were printed in the national press, in which he appeared to criticise the honours system and committee.
A spokesperson for the footballer said at the time his emails were “hacked” and “doctored”.
Anything other than a win for Labour would have been a humiliation in this contest.
It wasn’t any old local by-election – this was a contest where Labour knew it could act as a mini barometer of Sir Keir Starmer’s recent U-turn on winter fuel payments and become a test of how popular the politics of Nigel Farage are in Scotland.
Labour are power hungry and have, for a long time, set their sights on forming the next Scottish government.
The prime minister will this morning be breathing a sigh of relief after clinching this shock victory over the SNP and Reform UK.
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New MSP’s message to Farage and ‘his mob’
This contest on the outskirts of Glasgow came at a time where Labour had been firefighting and grappling with polling suggesting they had blown their chances of ousting the SNP from power in Edinburgh after almost 20 years.
The SNP had a spring in their step during this campaign after a chaotic couple of years.
First Minister and SNP leader John Swinney had apparently stemmed the bleeding after the infamous police fraud investigation, endless fallout over gender identity reforms, and last year’s general election where they were almost wiped out.
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This result leaves them no further forward than 12 months ago with questions over the party’s strategy.
Image: SNP and Reform UK election billboard posters in Larkhall. Pic: PA
Reform UK is very much in the Scottish picture now, finishing a few hundred votes behind the nationalists.
This is a party led by a man who barely registered any support north of the border for many years. A remarkable transformation.
The surge in support has spooked many because they know fine well Nigel Farage is only just getting started.
One poll had Reform UK forming the next official opposition at Holyrood. After tonight, that might be a tall order but Mr Farage is shaking things up at the expense of the Conservatives.
The unpredictable nature of this contest may give us a taste of what is to come.
Andy Carter, senior winners’ adviser at Allwyn, said: “We are now on the verge of potentially creating the biggest National Lottery winner this country has ever seen.”
The previous largest prize pot was won by an anonymous UK ticket-holder, who took home £195m on 19 July 2022.
Just two months earlier, Joe and Jess Thwaite, from Gloucester, won £184,262,899 with a Lucky Dip ticket. At the time, Joe was a communications sales engineer, and Jess ran a hairdressing salon with her sister.
Mr Thwaite said he woke up at 5am as usual, and checked his phone to see an email saying, “Good news, you have won a prize”.
But he did not immediately wake his wife, choosing to let her sleep in.
“I saw how much and I didn’t know what to do,” Mr Thwaite said.
“I couldn’t go back to sleep, I didn’t want to wake Jess up, so I just laid there for what seemed like forever. I spent some time searching for property with no budget limit, which was a novelty!”
When his wife woke up, she assumed the National Lottery app was wrong.
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1:24
Winner ‘thought it was a scam’
In February last year, Richard and Debbie Nuttall were revealed as the UK winners of a £61m EuroMillions jackpot – who at first thought they had only won £2.60.
The couple from Lancashire split the £123m prize with a winner in Spain.
This year’s biggest prize, of £83m went to a UK winner in January.