Industry experts are warning that the basic State Pension is falling short and won't cover the looming energy bills.
According to the The Telegraph, some pensioners will not receive enough to cover their energy bills as predictions for next year's price cap suggests a staggering jump. This comes as Ofgem announced on August 26 that the price cap will rise from from £1,971 currently to £3,549 for the average household.
This has left many wondering how they will make ends meet, even if with the cost of living payments as the 80 per cent increase will come into force on October 1. On top of that, costs are expected to rise again in January after the energy regulator confirmed the price cap will change every three months.
