GMB: Ranvir Singh issues breaking news about price rises
Ranvir Singh announced that domestic energy prices are expected to hike up again in the New Year.
During Monday's instalment of Good Morning Britain, Ranvir revealed that a household using a typical amount of gas and electricity will pay £1,736 a year from January.
That would be a £17 a year rise, or a 1% increase, with prices forecast to stay high for the rest of winter.
Ranvir said that Cornwall Insight expects energy regulator Ofgem will announce the next official quarterly price cap on Friday (November 22).
"Some breaking news this hour," Ranvir began. "Households can expect a mid-winter energy price hike with bills forecast to jump by 1% in January."
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The 47-year-old continued: "The energy analyst Cornwall Insight expects Ofgem to reveal, on Friday, that the typical household energy bill will rise to £1,736 per year from New Year's Day.
"It had previously predicted a 1% price fall but has blamed supply concerns for a volatile market."
Viewers were outraged by the news as they flocked to social media to share their thoughts. One wrote: "I thought Labour were going to reduce them."
"But Labour said they would reduce by £300??" echoed a second.
Another posted: "Price increases have been baked into UK prices. We'll never return to the £1000 typical household price. The biggest rip off is the stealth tax off Standing Charges. Which adds over £300 per year before you flick a switch. Rip off Britain."
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A fourth said: "Wait a minute Scotland certainly generates enough energy. There needs to be investigation into Ofgem. There should be zero energy price increases for Scots."
Dr Craig Lowrey, principal consultant at Cornwall Insight, said that while bills will remain "largely unchanged" from October, the news that prices will not drop after rises were seen in the Autumn will still be "disappointing" for many.
He told the BBC's Today programme: "What we've been looking at were prices well above the historic norms."
Referring to the spike in costs seen when conflict between Russia and Ukraine occurred, Lowrey said: "There doesn't seem to be any sign of a return to pre-energy crisis levels".
