In times gone by, it was considered newsworthy when the average annual energy bill hit £1,000 a year. Today, Ofgem, the energy regulator, has set the new price cap for October at a staggering £3,549.
With the current level at an already historically high of £1,971, the new figure represents a rise of 80 per cent and left unchecked will immediately plunge millions of households into fuel poverty. But it is not over yet. Cornwall Insight, which correctly predicted this latest rise, projects that the cap could hit £6,600 per year in April.
