Energy bills are continuing to sky rocket and many householders will be wondering how they can afford to pay their gas and electricity bills. Latest predictions forecast that annual bills could reach £4,266 in January.
The energy price cap, which limits the rates a supplier can charge for each unit of gas and electricity householder's use, will go up in October and possibly again in January, according to energy industry analysts Cornwall Insight. They are predicting an average annual bill of £3,582 - £200 higher than their previous estimate.
In January 2023, the next time the cap is due to be changed, the analysts expects it to go up again to £4,266. It means the average household would be paying £355 a month, instead of £164 a month currently.
