Typical annual household energy bills are expected to increase by £332 in July, according to energy consultancy Cornwall Insight. The forecast reflects the surge in oil and gas prices due to the ongoing US-Israel war in Iran. While the figure is likely to change, Ofgem will set the July cap on energy bills for households on May 27 based on wholesale prices in March, April, and May. Cornwall Insight's latest forecast predicts that a dual-fuel household using a typical amount of gas and electricity would pay £1,973 per year, up from the current £1,641. Political pressure is building on the government to provide support for households if bills rise sharply in July, with a debate over whether it should be universal or targeted at vulnerable and low-income houses. The energy industry has called for a more targeted approach to cover next winter if prices remain high.