Household energy bills are set to rocket this year with the energy price cap set to rise by 54% in April. This will see an increase of £693 to energy costs after an unprecedented rise in wholesale gas prices.
The announcement was made by Ofgem and affects around 22 million homes across England, Wales and Scotland. READ MORE:Under-fire Andy Burnham vows to END Clean Air Zone 'the minute it can be' Rishi Sunak made a statement this morning (3 February) claiming that the government will look to cover £350 of the bill for a 'vast majority of households'.
The chancellor said that households will receive an initial £200 discount on bills in October. However, this will then be 'automatically recouped' on people's bills through £40 instalments over the next five years.
There will also be a £150 council tax rebate for households in bands A to D in April. Despite these support plans, households will still have to pay back more than half of the amount initially discounted over time, and will still face an increase of £343 to bills.
Read more on manchestereveningnews.co.uk
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