Gas shortages to send energy bills close to £4,000 in UK

Energy bills in the UK could hit £3,850 ($4,639) a year by January after Russia further curbed gas supplies to Europe, sending wholesale prices for this winter soaring to all-time highs, Report informs, citing The Times.

A typical household faces paying £500 ($602)for its energy in January alone, according to the latest forecast from consultants BFY, which will pile more pressure on the government to offer increased support for consumers.

Energy bills have already risen to a record £1,971 ($2,374) a year for a typical household from April.

The price cap that limits most tariffs is now forecast to rise to fresh highs of £3,420 ($4,120) in October and £3,850 in January, according to BFY, a management consultancy focused on the energy sector.