Household energy bills are likely to remain sky high for two more years experts have warned.
Household energy bills are likely to remain sky high until at least 2024 after climbing to an average of £3,359 in October, analysts warn.
It will likely begin to fall after that, but only slowly, reaching £3,569 from July before hitting £3,470 for the last three months of next year, Cornwall Insight said. The estimates are far higher than the £2,800 forecast in May by energy regulator Ofgem and will add to the cost of living crisis gripping the country.
But since then, the situation has got even worse with people facing huge rises that could leave many having to decide whether to ‘heat or eat’.
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