Britain's domestic energy price cap is expected to inch up by 1% in January, with geopolitical tensions and weather disruptions keeping wholesale energy prices high, analysts at Cornwall Insight said on Monday.

That would be a £17 a year, or 1%, rise compared with a current typical annual bill of £1,717, with prices forecast to stay high for the rest of winter. Energy regulator Ofgem w

Household hopes for energy bills to edge lower in January look set to be dashed as the latest prediction shows a rise at the start of next year.Energy consultancy Cornwall Insight said it expects Ofgem to reveal on Friday that the typical household’s energy bill will rise by 1%,