From April, which is just days away, millions of households will see their energy bills rise to an average £1,971 a year after Ofgem announced the brand-new energy price cap earlier this year.
Energy prices will rise by £693 a year for millions of households as a result after the energy regulator hiked the price cap on bills to £1,971 or 54%.
Moreover, 4.5 million people on prepayment meters will see an even bigger increase of £708 a year - an increase of £1,309 to £2,017.