The price cap on energy bills looks set to rise by an extra £1,000 at the beginning of October, according to a new prediction from Cornwall Insight. The latest data from the energy analysts suggests a rise of 51% on the current price cap of £1,971 to around £2,980.63 for the next period, which runs between October and December - previous estimates had put the next price cap at £2,800.
Millions of households across the country are seeing their budgets stretched to the max as they try to combat the cost of living crisis. However, many may not be aware they might be able to bring their next direct debit down, especially if they have been making energy-saving cuts around the home recently
The information came to light on Monday in a written response by Energy Minister, Greg Hands MP to a query from Labour MP, Dan Jarvis. And it could be a game-changer for many.
