Millions of householders are counting the cost of energy rises as new higher bills come into effect. Customers are facing increases of £693 per year on average as the minimum price cap increased from April 1.
Energy regulator Ofgem has increased the price cap by 54% with further increases promised in October, leaving millions of customers struggling to cope with higher monthly bills.
The energy price cap, which limits the rates a supplier can charge for each unit of gas and electricity you use, jumped by £693 from £1,277 to £1,971. Prepayment customers are being worse hit, with a jump of £708 from £1,309 to £2,017, and that's without the possibility of further hikes, with wholesale gas prices increasing regularly.
