A new energy price cap of £3,549 has been confirmed today by government regulator Ofgem, meaning the average household bill for gas and electricity will jump 80 per cent - from £,1971 to £3,549.
This figure applies to households who have "typical usage" of energy. However, money expert Martin Lewis warned that most homes will use more than this, and could see bills soar to as high as £10,000.
Back in April, the price cap rose from £1,200 to £1,971 annually. As a result, Mr Lewis advised households to submit meter readings the day before the new figure came into force..
