Households have already started to feel the pinch of the cost of living as essentials start to go up in price.
Energy bills have been rising, with some already noticing a difference at the end of the month and now with a new price cap starting in April 2022, bills are expected to rocket.
For the average household bill, the new price cap will see an extra £693 added to the yearly total.
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It can be a concerning time for many and Scots are being told to prepare now before it's too late.
You can read how to budget and prepare for rising costs here.
To help inform customers, one of the major energy providers have revealed when bill payers can expect the dramatic increase.
Scottish Power, which has customers in Scotland and the rest of the UK, has been writing to customers in the wake of energy regulator Ofgem saying the price cap will increase by 54 per cent.
As NottinghamshireLive reports, the firm acknowledges it is a "difficult time for many of our customers".
Scottish Power says it will be in touch by Thursday, March 10 with details of new prices and the impact on household energy costs.
It said in an email to customers: "We know this is a challenging time for many of our customers, and understand you'll want to know how this will affect you.
"We'll be in touch by 10th March 2022 with the details on your new prices and how this will impact your energy costs.
"Please be assured, the price cap is designed to ensure you pay a fair price for your energy and, following the changes on 1st April, your prices will be protected until at least 1st October 2022."
Financial journalist Martin Lewis has warned that we could see another rise in our energy bills in October.
