Energy bills are set to rise by 10 per cent from Tuesday, October 1 which means millions of households on the standard tariff will see their annual costs rise by £149 from £1,568 to £1,717.
In simpler terms, this means for every £100 of energy people currently pay for, an extra £10 will be added between now and the start of the new price cap on January 1.
With the cost of living crisis continuing to hit the pockets of most households across the country, the thought of winter approaching, and the resulting increase in heating and electricity costs, can feel a bit daunting.
Even more pressure has been put on 10 million pensioner households this year by the unexpected removal of Winter Fuel Payments, following an eligibility rule change which means only those on income-related benefits such as Pension Credit will receive payments of between £100 and £300.
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