Another energy shock is facing households in October when bills could surge by a further £600, reports The Sun. Families could be hit with further increases just months after April's energy price cap hike, which has added £693 to the average bill.
The price cap has risen to £1,971, a 54% jump, adding hundreds of pounds to millions of households' energy costs. Experts have predicted that the cap could rise a further £600 in October, taking the average bill to £2,571.
If the forecast from Cornwall Insight is correct, that means the cap will have doubled in just one year. The price cap limits how much energy suppliers can charge for their standard variable tariffs.
