Many of us have already seen our energy bills rise and next month we will see them rise again when the price cap will increase from April 1.
According to Ofgem, approximately 22 million customers will be affected with those on default tariffs paying by direct debit set to see an increase of £693 from £1,277 to £1,971 per year whilst prepayment customers will see an increase of £708 from £1,309 to £2,017.
The increase is said to be driven by a "record rise in global gas prices over the last 6 months, with wholesale prices quadrupling in the last year" according to the Government office.
