HOUSEHOLD energy bills are set to rocket towards £4000 a year after Christmas, experts predict.
Average direct debits will soar to the equivalent of £500 a month in January.
Forecasters have already said the cap could rise over £3200 a year in October.
Wholesale energy prices hit a record high of 340p a therm yesterday after Russia cut gas supplies to Europe, more than double the 161p cost on July 18.
Moscow has been accused of "weaponising" a gas pipeline to Germany in retaliation to sanctions after its invasion of Ukraine.
Nord Stream 1 carries a third of Russian gas exports to Europe. Britain is not reliant on its gas but is being buffeted by sky-high costs.
This story is from the July 28, 2022 edition of Daily Record.
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This story is from the July 28, 2022 edition of Daily Record.
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