Energy chief warns prices could rise HIGHER still in the winter

manchestereveningnews.co.uk:

The head of Octopus Energy has warned energy prices could rise even further in the winter. Until now Ofgem’s price cap, which is reviewed every six months, has protected customers from the rising costs.

Fuel poverty charity National Energy Action (NEA) warned the cost of heating an average home has now doubled in 18 months, leaving 6.5 million households unable to live in a warm, safe home across the UK.

The change, which happened on April 1, will add an average of £58 onto monthly bills for the typical household and experts predict that bills could rise further, to more than £2,300 per year for the typical household in October.

READ MORE: Labour proposal for tax cut for businesses in 'emergency' support package Chief Executive Greg Jackson told LBC: “Global energy prices is one of the most volatile markets and so it’s a fool who will make a strong prediction.