Households could be faced with another energy shock in October - with the possibility that bills could surge by a further £600, according to reports. Families could be hit with further increases just months after April's energy price cap hike, which has added £693 to the average bill, reports The Sun.
The price cap has risen to £1,971, a 54 per cent jump, adding hundreds of pounds to millions of households' energy costs. Experts have predicted that the cap could rise a further £600 in October, taking the average bill to £2,571.
If the forecast from Cornwall Insight is correct, that means the cap will have doubled in just one year. The price cap limits how much energy suppliers can charge for their standard variable tariffs.
