Millions of householders are set to receive their new energy bills this month, and many will simply be unable to afford the huge hike. It comes after April saw the energy price cap rising by a record £693 per year on average, with prepayment customers facing an even larger increase.
On April 1, energy regulator Ofgem hiked its energy price cap by 54%. The energy price cap, which limits the rates a supplier can charge for each unit of gas and electricity you use, jumped by £693 from £1,277 to £1,971. Prepayment customers are being worse hit, with a jump of £708 from £1,309 to £2,017, and that's without the possibility of further hikes, with wholesale gas prices increasing regularly.
Some may already be on extortionate tariffs with their provider, possibly facing paying double each month or even more than ever before, and that's before rising costs of food, fuel and household items.
