HOUSEHOLDS have been warned energy bills could top £5,000 next year, according to experts.
The cost of an average family’s annual energy bill could reach nearly £5,300 from April if wholesale prices for gas and electricity do not fall soon.
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Experts at the energy consultancy firm Auxilione predicted that the price cap on energy bills could reach £3,628 in October, from £1,971 today.
It could then rise again to £4,538 in January and peak at £5,277 in April.
This is the worst forecast yet for the millions of households set to face crippling bills this winter.
As it stands, the nightmare scenario would mean that an average household will spend £442 on energy in the month of April alone.
The energy price cap works by setting a limit on the maximum amount suppliers can charge for each unit of gas and electricity.
It’s not a cap on how much you can be charged for the energy that you use – so if you use more expect to pay more.
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