Around one in eight people think energy bills will go down this winter, while most underestimate the massive price rises that are likely to come. New research from Uswitch found that families believe their household gas and electricity bills will go up by £487 from the start of October.
But experts have predicted that bills will rise by more than three times that amount. The bill for an average household will increase by around £1,600 to over £3,600, according to the most recent forecasts.
More than a quarter of households said they did not know what is likely to happen to the price cap on energy bills, according to the research commissioned by Uswitch. Meanwhile 12% said that they think it will decrease this winter. Only around one in 13 people (8%) thought that bills will go up by more than £1,500 – which is what experts predict.
