Energy Editor at consumer group Which?, said:"The news that the energy price cap will rise by 6.4 per cent in April and is predicted to continue rising over the next year will understandably be worrying for many households.
The new level of average bills is 9.4% or £159 higher than this time last year, but £531 lower than at the height of the energy crisis at the start of 2023, when the Energy Price Guarantee was in place.
Our recent analysis found energy network companies made billions in excess profits while households have faced soaring bills, and it’s only right this money be used to help fund better targeted bill support and much-needed debt relief.”.
Jonathan Brearley, CEO of Ofgem, says: “We know that no price rise is ever welcome, and that the cost of energy remains a huge challenge for many households.
It comes as our research shows the number of people living in a household in debt to their energy supplier has reached a new high of nearly seven million.
