Energy bills could be double the record levels we're already paying.
The cap on energy bills might soar by several hundred pounds more than nightmare forecasts predicted earlier this week, new analysis has shown.
In what is thought to be the worst outlook yet for the 24 million households whose bills are governed by the price cap, the experts also saw further rises in 2023.Auxilione said it was double-checking its figures, due to changes made by energy regulator Ofgem to the price cap rules. The price could balloon further to £4,700 in April, the experts said, although they warned that forecasts so far ahead are more likely to be unreliable.
Falls will not happen until July, when the price cap might dip to £4,000 – but this is still double current levels.
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