Millions of households across Great Britain will begun paying more for their gas and electricity bills from today in what is the biggest ever increase in energy bills.
Ofgem’s price cap has risen by 54% to reflect higher wholesale energy costs that are now being passed onto consumers, adding to a growing cost-of-living crisis.
The Resolution Foundation, a thinktank, said the number of English households in fuel stress would double overnight from 2.5m to 5m.
Jonathan Marshall, the Resolution Foundation’s senior economist, said: “Another increase in energy bills this autumn hastens the need for more immediate support, as well as a clear, long-term strategy for improving home insulation, ramping up renewable and nuclear electricity generation, and reforming energy markets so that families’ energy bills are less dependent on global gas prices.”
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