Households are being urged to act before July’s energy price rise takes effect, as new research suggests millions have little or no cushion against another increase in essential bills.
Ofgem’s price cap will rise by 13 per cent from 1 July, taking a typical annual dual-fuel bill from £1,641 to £1,862 under the regulator’s existing measure of typical use. That is an increase of around £18 a month for an average household paying by direct debit, if the level were sustained for a year.
