On August 26, energy regulator Ofgem announced the price cap will rise by 80 per cent.
This will push the average yearly energy bills up to £3549 (around £295 per month), and come January, energy experts forecast the price cap will jump again to £5,386.71 and a mammoth £6,616.37 in April, according to Cornwall Insight.
There is pressure growing on the UK Government to intervene but they have said nothing will be done until a new Prime Minister is chosen on September 5. Martin Lewis responded by urging whoever will be charge, be it Rishi Sunak or Liz Truss, to have a plan on day one of their new job.