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Daily Mirror
Daily Mirror
Business
Levi Winchester

Brits warned energy bills could hit £500 a month next year - who is affected and why

Families across the UK are facing another unprecedented hike to their energy bills as the cost of living crisis deepens.

The Ofgem price cap is currently set at £1,971 a year for those on a default tariff who pay by direct debit - but experts are predicting another huge jump later this year.

Energy analysts at BFY say prices could hit £3,420 in October - then £3,850 when the price cap is reviewed again in January 2023.

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