As gas prices continue to soar, it seems likely a further price hike will happen in Ofgem’s second review in October.
According to analysts at consultancy Cornwall Insight, the cap is expected to be raised to a whopping £1,925 a year on April 1.
They add another hike will happen in October, which could plunge millions into fuel poverty unless the Government steps in to help.
According to research from the Resolution Foundation, the number of households who will experience “fuel stress” will soar astronomically when the new price cap is introduced in April.
