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Energy suppliers warn that bills are set to skyrocket even further next year

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Energy bills could skyrocket even further next year, suppliers have warned. The government urgently needs to intervene as the UK faces a "nationwide crisis", Good Energy, EDF and trade body Energy UK told the Financial Times.

Their warning comes after the cost of gas in wholesale markets rose by more than 500 per cent in less than a year. READ MORE:Martin Lewis warns anyone with British Gas to ignore this letter Emma Pinchbeck, chief executive of Energy UK, told the paper: "Other treasuries in Europe have already responded to the crisis, but in the UK, the energy sector is still asking if the Chancellor knows that energy bills going up by over 50 per cent in the new year is a problem for ordinary people, businesses and the economy.

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