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Employees could see their bills rise 18 per cent to £868 to cover the extra costs of heating and electricity to power lights and computers if current guidance continues until February
Ovo chief executive Stephen Fitzpatrick said the impact of soaring wholesale gas prices will be 'an enormous crisis for Britain in 2022'. Pictured: Kwasi Kwarteng.
Liberal Democrat leader Sir Ed Davey warned energy bills will be the 'worst possible gift' this Christmas as the party found households will pay £100 million more this year.
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.