Millions of pensioners will suffer as the cost of energy continues to rise.
The Telegraph reported that those on the basic state pension will be expected to receive £324 less than an average energy bill will cost from April. On Friday, regulator Ofgem announced the energy price cap would increase from £1,971 to £3,549 for the average household, from October 1.
Energy consultancy Auxilione has forecast that energy bills will hit £7,700 from April 2023. If correct, Auxilione’s prediction could see the current price cap more than double in the new year.
