Five million households now in ‘fuel stress’ as energy price cap rises to almost £2k

  • Date: 01-Apr-2022
  • Source: SkyNews
  • Sector:Oil & Gas
  • Country:Gulf
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Five million households now in ‘fuel stress’ as energy price cap rises to almost £2k

The day that 22 million households have been dreading has finally arrived.

April Fool's Day sees the energy price cap rising by a record sum to help account for surging wholesale prices - with bills yet to even reflect the impact of Russia's war in Ukraine.

It was announced in February that customers on default tariffs paying by direct debit would see an average annual increase of £693, from £1,277 to £1,971 from 1 April while pre-payment customers are enduring a hike of £708 from £1,309 to £2,017.