Get the latest money news from the Daily Record with our weekly newsletterEnergy bills for 15 million households will increase by at least £139 to a record high under Ofgem's latest price cap as suppliers grapple with soaring wholesale prices.
The regulator decided in August that energy customers on default tariffs paying by direct debit will see the sharpest jump in prices since the cap was introduced in January 2019, taking average bills to £1,277.
Pre-payment customers will see annual costs rise by £153, from £1,156 to £1,309. Although households that shop around and sign up to fixed plans with other suppliers are not subject to the price cap, the recent wholesale hikes have seen firms deterring new customers and hiking the cost of
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