ENERGY bills will rocket by nearly £1,300 this October, alarming analysis says. In a massive blow to struggling Brits, the price cap is expected to rise from £1,971 to a grim record of £3,244. This…
In a massive blow to struggling Brits, the price cap is expected to rise from £1,971 to a grim record of £3,244.This is up 64 per cent in just six months.Martin Lewis
commented: “It’s horrendous. Especially as we’re now near the end of the assessment period that sets October’s cap, so this is the right ballpark.” It is a far bigger jump in costs than anyone predicted and more bailouts will be needed from the Government to help families, he added. Dr Craig Lowrey of energy market analysts Cornwall Insight, which produced the figures, warned: “As it stands, energy consumers are facing the prospect of a very expensive winter.
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