Gas and electricity bills for around 22 million households across the UK shot up by £693 per year from April 1 in-line with Ofgem’s 54 per cent increase to the energy price cap.
This means the average household energy bill will rocket to around £1,971 per year while homes on pre-payment meters will see costs go up by £708 to £2,017.
Prices are expected to go up again when Ofgem reviews the price cap in August, with the change coming into effect at the start of October - so should you consider switching supplier now? In a nutshell - no.
