One of the big six energy companies has backed Ofgem's bill hike warning which could see Brits pay even higher amounts on their energy in the coming months.
Earlier this week energy regulator Ofgem warned that gas markets were in a febrile state since the Russian invasion. Regulator chief Jonathan Brearley said that because the market remains highly volatile they expect further price increases later this year, which means consumers could be preparing for another energy bill hike, despite the latest increase bringing prices to a record percentage.
In April, Ofgem hiked its energy price cap by 54 per cent. The energy price cap, which limits the rates a supplier can charge for each unit of gas and electricity you use, jumped by £693 from £1,277 to £1,971.
