Energy bills are on course to almost double to nearly £4,000 this winter and remain above £3,000 a year until 2024, as Russia further curtails gas supplies to Europe.
Millions of households will be pushed into financial hardship by the surge in prices unless the government significantly increases the help on offer, experts say.
Annual energy bills already stand at a record £1,971 for a typical household but are forecast to jump to £3,420 when the price cap on most tariffs is updated in October and again to £3,850 in January, according to BFY, the energy consultancy. Households typically use most energy in the depths of winter and BFY said that an average customer would now be “facing a bill of £500 in January alone”,
