It's the news every household in Britain is dreading and it comes this week. The level of the new energy price cap is to be announced and come into effect on October 1.
The energy regulator, Ofgem, is set to announce the rise this coming Friday. It is expected to soar to around £3,600 for the average household - a massive increase on the current £1,971 the average household is paying at present, reports WalesOnline.
Worse is to follow as further rises will be announced for January 1 and for April 1. And the latest forecast suggest annual bills could rise to a shocking £6,000 per year for the average household.
