The cost of living is soaring for millions of households across the UK, and the latest announcement on energy bills is providing no relief for cash-strapped individuals.
Regulator Ofgem has confirmed the energy price cap will rise to £2,017 for those on prepayment meters. That’s up from £1,309.
And if you’re not on a prepayment meter but on a standard tariff, the average bill will hike from £1,277 to £1,971 under the new cap, which comes into force for both from April.
