Greenest Government: £3,000-A-Year Bills On The Way As Energy Prices Rise Again
Mark Todd, of energy-helpline.com, said: “Over the next seven years we could see bills hit £3,000 if current trends continue. This is a very big rise and is going to hit people extremely hard.”
Another round of price hikes is thought to be “imminent”, with firms expected to slap an extra five to 10 per cent on the annual bill.
It means that hard-pressed families will have to find up to £140 more a year as gas and electricity bills soar to £1,560.
The prediction comes days after new standards of conduct came into force in what is described as the “biggest shake-up of the retail energy market”.
The reforms by regulator Ofgem aim to make the energy market “simpler, clearer and fairer” and force companies to act in a “fair, honest, transparent and professional manner”.
However, campaigners say industry insiders suggest bill-payers are about to be hit again by huge price rises.
Energyhelpline’s Mr Todd said a new wave of price hikes are likely before the beginning of winter.
Any price rise would arrive just before millions start putting on their heating as the weather turns cooler.
The charges will hit people hardest if Britain has a repeat of last year’s long winter.
Ian Fells, emeritus professor of energy conversion at Newcastle University, warned that millions are already struggling to heat homes.
He insisted the number of people in fuel poverty – where 10 per cent of the family income is spent on fuel – is set to rise this year.
Prof Fells said: “It is inevitable that the price of energy will rise, and I blame this on the huge investment in renewable energy. If the Government pursues this expansion of green energy, it will cost the bill-payer.”