Domestic energy prices are expected to rise before winter, with consultancy Cornwall Insight predicting a typical household will pay £1,714 annually from October, up £146 from the current £1,568. This increase comes despite the current bill being the lowest in two years. Ofgem will announce the next quarterly price cap on Friday, 23 August, affecting 28 million households in England, Wales, and Scotland. Prices are influenced by a volatile global energy market, with wholesale costs rising by about 20% recently. Fixed tariffs offer minimal savings, and further price increases are anticipated in January, potentially exacerbated by the Russia-Ukraine conflict. Charities warn that higher prices and reduced government support could severely impact household finances. Ofgem is also considering changes to the standing charge, a fixed daily fee covering the costs of connecting to a supply.