
The day that millions of households have been dreading has arrived, Ofgem has confirmed there will be a £693 rise to the energy price cap, taking the new threshold to £1,971, meaning an increase of 54 per cent.
The chancellor, Rishi Sunak, has outlined support measures of a £200 discount on all electricity bills from October - which will later be repaid - and a £150 council tax rebate for those in bands A to D… but does it go far enough in terms of help?