Gas bills could rise to an eye-watering £4,000 next year, according to the latest analysis from energy consultants. This could push half of all Brits into fuel poverty, which is when a household spends more than 10% of its income on energy.
According to data from the Office for National Statistics, the energy price cap rose in October 2021 caused consumer prices for gas and electricity to rise by 17.1% and 8.7% respectively. Currently, 12-month inflation rates for gas and electricity are at their highest since the beginning of 2009, with gas at 28.1% and electricity at 18.8%.
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