The energy price cap could triple by April with bills rocketing to £6,000, according to a new forecast, as business secretary Kwasi Kwarteng was reported to be planning a clampdown on solar and wind firms.
The grim prediction from the Auxilione consultancy would reprent a nearly five-fold increase in energy prices in the space of a year, after regulator Ofgem’s price cap hit £1,971 four months ago.
While new polling suggests that two-thirds of voters support Covid-style support to help households with the cost of living crisis, Liz Truss – the frontrunner to replace Boris Johnson – has rejected further “handouts” and Labour’s proposed energy cap freeze in favour of cutting taxes and green levies.
