New research from GoCompare Energy has found that 83 per cent of energy customers have seen their fuel bills increase since Ofgem’s price cap came into force in April. The research, which also asked more than 2,100 people what they are doing differently to try and cut costs, discovered that over two-thirds (64%) of those surveyed have started turning off the lights when they leave a room, making this the top measure people are taking to save money and reduce energy usage around the home.
Other tactics to tackle the energy and cost of living crisis included going to bed earlier, using the tumble dryer less and doing laundry at night - just 10 per cent of respondents said they weren’t implementing any energy-saving measures.
Industry experts at Auxilione said its final prediction is that Ofgem will set the cap at £3,576 per year for the average household - the cap is currently £1,971. Based on tis week's gas prices, they think the price cap will hit £4,704 next January and £5,856 in April, but said it will then fall and remain at stomach-churning levels, hitting £5,235 in July and £5,235 next October.
