Ofgem is expected to let energy bills rise by a crippling 50 per cent for millions of households across the country, according to the latest expert analysis.
The energy regulator will confirm the increase on gas and electricity prices on Thursday at 11am, an announcement that energy consultancy Cornwall Insight said could impact around 22 million households with bills likely to hit £1,915 for the average user.
The rise will come into force from April 1, when the price cap on energy bills is updated for the next six months, with the next review scheduled to take place in October.
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