Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Energy bills could hit £5,500 next April, latest dire prediction suggests

Energy bills are set to soar this winter (Andrew Matthews/PA)
Energy bills are set to soar this winter (Andrew Matthews/PA)

The price cap on energy bills might rise even more than previously thought, experts have said in the latest of a series of worsening warnings.

Gas prices spiked again on Monday and unless they drop in the coming months, average households could be facing an annual energy bill of £4,650 from January and £5,456 from April.

Once again it is the worst warning yet from Auxilione, an energy consultancy. It adds nearly £200 to the consultancy’s previous forecast for April.

The price of buying gas for the fourth quarter of this year is now around 100p higher per therm than it was just two week ago, while electricity prices have risen by around £100 per megawatt hour.

One therm cost 563p as markets wrapped up on Monday and a megawatt hour of electricity cost £606.

Cost of living
Sir Keir Starmer has called for the price cap to be frozen (Ben Birchall/PA)

The new forecast predicts that bills will start falling from July, initially to £4,811 and then to £4,446. But this is still thousands of pounds more than families are paying at the moment.

On Monday the Labour Party called for the price cap to be frozen at its current level of £1,971 until April to help struggling families through an otherwise disastrous winter.

It is the latest pressure to be put on the Government to add to its £400 help for households with bills that will be paid in six instalments starting in October.

The support was announced in May when experts thought the price cap would only reach £2,800 in October.

On Monday the Guardian reported that four major energy suppliers – ScottishPower, E.on, Octopus Energy and British Gas-owner Centrica – are in favour of a fund that could freeze bills for two years.

The two first suppliers have suggested a so-called tariff deficit fund to ministers. Banks would supply the cash under a Government guarantee that would let bills be frozen for the period.

The banks would then be paid back over 10 to 15 years.