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Early next year after gas prices soared to record levels. that's on top on rises caused by the higher energy price cap that came into effect last week. the business secretary, kwasi kwarteng, will face industry bosses later today as the sector deals with an unprecedented spike in wholesale costs. kevin peachey reports. just like the season's weather, bill payers are being warned the worst is yet to come. a host of energy companies have collapsed in recent weeks. their customers moved to a new supplier are already having to pay hundreds of pounds more a year than they expected. a price cap does...

Warm the best way i can. under the price cap, a customer now pays £1277 a year if they use an average amount of gas and electricity. analysts expect that typical bill to rise to £1600 when a revised but as yet undecided cap starts in april. compare that with a year ago, when you could have got a deal costing just over £850 a year. as the global economy has been switched back on after the height of the pandemic, the scramble for gas has not been matched by supply, leading to an unprecedented seven fold rise in wholesale prices. producers of everything from toilet roll to steel say that will ...

A customer now pays £1277 a year if they use an average amount of gas and electricity. analysts expect that typical bill to rise to £1600 when a revised but as yet undecided cap starts in april. compare that with a year ago, when you could have got a deal costing just over £850 a year. we are competing with the rest of the world, the rest of europe for gas supplies. unfortunately, it is the reality. price comparison sites, which historically talk about how much we can save you by switching. the reality is that is not there at the moment, and very few people for the whole of this year, reall...