Energy bills in Great Britain forecast to rise £276 a year from January

Great Britain's energy price cap is forecast to jump 16%, adding £276 to a typical annual household bill from January.

• Cornwall Insight forecast the cap would rise to £1,999 for a typical dual-fuel bill from January, the largest increase in four years.
• The consultancy predicted the £276 rise after Middle East conflict disruption pushed European gas prices to three-year highs.
• Ofgem's quarterly cap rises 4% on Thursday, taking the typical bill to £1,723 a year, with the electricity VAT cut softening the increase.
• EDF chief executive Simone Rossi warned the UK is "walking into a second energy crisis" and urged extending the electricity VAT cut beyond April.