Households have been warned they could face even higher annual utility bills than initially feared.
Gas and electricity prices could reach nearly £5,500 by next spring if prices don't come down in the coming months, experts warn.
In May, theGovernmentreleased £400 worth of energy per household in response to his prediction that the average household bill would rise to £2,800 in October. Introduced a cost assistance package.
However, experts at energy consultancy Auxilione said bills were likely to rise to £4,650 in January and £5,456 by April.
This price increase will add an extra £104 to your weekly bill.
Families are ready to find out how much prices will go up on his August 26th whenOfgem announces a new energy price cap.
This change will come into effect on October 1st.
The exact change to the price cap has yet to be determined by regulators. The
cap limits the price per unit that energy suppliers can charge, meaning that a typical dual fuel cost is now £1,971 - but You can pay more or less depending on how much you use.
Ofgem suggests that price caps be reviewed at least twice a year to smooth out long-term price increases.
After October, he may see the next increase in January 2023 instead of April.
Estimates are based on wholesale energy costs, which have skyrocketed in recent months due to global supply problems andthe war in Ukraine.
Now, according to the latest forecasts, your bill won't go down until next July.
Experts believe that first he will drop to 4,811 pounds, then to 4,446 pounds. This is more than 2.2 times the current level.
The Treasury Department is creating a separate cost-of-living package for the 10th-ranked person this fall as the battle for leadership of theConservative Party heats up. It is said that.
Liz Truss – a clear bookie favourite – promises to ease the pain by reversing National Insurance premium hikes and wiping out green taxes on energy bills. increase.
The Sun will consider targeting aid to the poorestthis winter, despite having previously said it would end "subsidies." I understand.
Rishi Sunakpreviously supported these schemes, but instead repealed his VAT on energy bills while helping the most needy. It is believed to continue his approach of offering lots of cash.
The Sun also understands that hehas developed an action planto ensure that the UK has access to a reliable and affordable electricity supply.
Meanwhile,Sir Keir Starmerrecently announcedLabor Party plans to freeze the price ceiling at the current £1,900
He will extend the windfall tax on the oil and gas giants to fund a £29bn freeze. increase.
