ENERGY prices crept up in October and it’s important to know how much your appliances cost to run.
Former Prime Minister Liz Truss announced a price freeze on energy bills last month, with the typical family paying £2,500 a year from October.
But the new Chancellor Jeremy Hunt has said that the energy price guarantee, which limits average bills to £2,500, will come to an end in the spring.
Energy bills were initially set to be frozen for the typical household for two years, but this policy will now end in April, pending a government review.
Consultancy firm Auxilione forecasts average bills could hit £5,078 and RBC Capital Markets predicts £4,684 a year.