Predictions for the amount the energy price cap will rise by has once again increased.
It comes following dramatic increases in gas prices on Monday with experts suggesting that unless they drop, average households could face an annual energy bill of £4,650 from January and £5,456 from April. Energy consultancy Auxilione added nearly £200 compared to its previous forecast for April.
Meanwhile, the price of buying gas for the fourth quarter of this year is now around 100p higher than it was just two weeks ago, while electricity prices have also increased by around £100 per megawatt hour. On Monday, one therm cost around 563p and a megawatt hour of electricity cost £606.
