The average household's yearly bill will soar amid the worsening cost of living crisis
This means the yearly gas and electricity bill for the average household will rise from from £1,971 - more than 80 per cent. Energy bills will be around £2,300 more than a year earlier.
It is now likely to be a nervous wait until September 5, when the new prime minister takes office. As they wait for government help, many will try to reduce bills by keeping their homes colder, cooking in bulk and taking shorter and less regular showers. Rocio Concha, the director of policy and advocacy for Which?, said that six in 10 households are cutting back on essentials or dipping into savings, even ahead of the bill rises. It 'reinforces the need to urgently deal with this crisis before many more families are pushed into the difficult choice between heating or eating', she said.
The chief executive of Ofgem has urged the incoming prime minister to 'act further' to tackle the impact of price rises as he announced that the energy price cap will be hiked by more than 80 per cent from October.
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