Fears of runaway household bills in the new year have been mounting since rising gas prices bankrupted more than two dozen suppliers since September, costing the industry £1.8billion.
Good Energy, EDF and trade body Energy UK are calling on the Government to urgently intervene after the cost of gas in wholesale markets rose by more than 500 per cent in less than a year.
Households in Britain could face a 56 per cent rise in their energy bills from April after unprecedented wholesale costs force regulator Ofgem to lift the price cap
Fuel poverty charity National Energy Action today said that the average household gas bill could increase by £467 from £466 a year in October last year to £944 in April next year.
Regulator Ofgem confirmed it would step in to help the Ipswich-based firm s customers 11,700 customers to find a new energy provider after the company collapsed earlier today