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Business
Sam Barker & Aaron Morris

Energy bills warning as costs could soar to £3,616 with worrying price cap predictions

The cost of energy could soar by some £1,645 within five months to hit £3,616 - power experts at Cornwall Insight estimate.

This news comes after many UK households have already felt the squeeze of the cost of living crisis, with already increased energy bills - but specialists predict that the worst is yet to come.

Energy regulator Ofgem have already limited energy bills for more than 80 per cent of UK homes through a price cap - however, this rose in April 1, 2022, from £1,277 to £1,971 per year on average.

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