The rise in price of energy and water bills is a significant contributing factor in the ongoing cost of living crisis.
The new energy price cap came into force on April 1, which meant that, for those on a default tariff who pay by direct debit, the cap increased from £1,277 to £1,971 - a rise of £693. Prepayment customers have seen a bigger jump, with their price cap going up by £708, from £1,309 to £2,017.
Meanwhile, the average water bill has risen as high as £420 this year, in another blow to household finances. As a result, many households are trying to find ways to cut costs.
