Energy tariffs set to surge as Winter Fuel Payment axed for many | Personal Finance | Finance
The energy tariff cap is set to rise by 9 percent at the same time as millions of pensioners lose the Winter Fuel Payment worth up to £300.
Industry experts are predicting the cap on tariffs will rise in October through to January as millions turn on their heating to survive the winter chill.
Analysts at Cornwall Insight are predicting the increase in the price cap tariff means the annual bill – based on typical use – will rise £146 taking it up from £1,568 to £1,714.
It also believes…
