Energy bills are rising and many consumers will see their gas and electricity payments shoot up even further from October. Consumers are being warned of sharp rises with the possibility of their direct debits going up before the new cap on energy prices begins.
Those who are with British Gas are also being urged to check their tariff to see if it's the most suitable option for them ahead of further hikes when the new energy price cap comes into play, as well what support options are available.
The energy price cap, enforced by energy regulator Ofgem, limits the rates a supplier can charge for each unit of gas and electricity you use and the next review/change is due in October this year. Cornwall Insight, energy analysts, say the price cap in October will increase further, making the average annual bill £3,582 - £200 higher than their previous estimate.
