Chancellor of the Exchequer Jeremy Hunt has today confirmed that energy bills will typically rise to £3,000 as of next April - surging from the current cap of £2,500.
And while the rise will come as a shock to many, it is a substantial step down from the £3,739 that energy analysts at Cornwall Insight predicted.
But bills will still rise to new highs when compared to the Ofgem price cap this time last year, which sat at £1,277.
