With the energy price cap rising by record levels in April, millions of people may be dreading receiving their new energy bills this month.
After energy regulator Ofgem increased its price cap by a staggering 54%, rising by a record amount of £693, many have been left worrying about how they will afford the new prices. This comes as the UK is experiencing the worst cost of living crisis since the 1980s, with inflation threatening to peak at 9%
The cap, which places a limit on how much a supplier can charge for each unit of gas and electricity you use, rose from £1,277 to £1,971. The hike is even higher for prepayment customers, jumping £708 from £1,309 to £2,017, the Manchester Evening News reports .
