Millions of households face fuel poverty as gas prices surge at £230 more than last winter

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Gas costs have soared by 500 per cent in less than a year due to increased demand and low exports of the fuel from Russia. A record high was seen in October after the price cap, set by industry regulator Ofgem, reached an average of £1,277 a year for a dual fuel bill.The cap will probably climb above £2,000 by the end of the year.

It means millions of households could be plunged into fuel poverty, some businesses may go bust and inflation could rise further.

The cost of failed energy suppliers – paid for through energy bills – is also expected to continue to rise.Almost 30 ceased trading in 2021. EDF, the UK’s fourth biggest energy supplier, said the situation was “critical”.

Health minister Ed Argar said the Government had put in “a whole range of measures” including theWarm Home Discount, the Household Support fund and changes to the Universal Credit taper.



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