Ofgem yesterday announced its price cap will soar to an average £4279 a year in January.
The Government's Energy Price Guarantee means a typical household will pay the £2500 a year until April when it will jump to £3000.
But think-tank the Resolution Foundation says this will equate to a £16billion bill for taxpayers between January and March alone. Energy experts Cornwall Insight put the figure at £42billion over 18 months.
This story is from the November 25, 2022 edition of Daily Record.
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This story is from the November 25, 2022 edition of Daily Record.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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