Thousands of Lanarkshire residents are facing a steep rise In their energy bills after regulator Ofgem announced a 54 per cent increase in the energy price cap.
A higher price limit means nearly 18 million households in Scotland, England and Wales will typically pay £1971 a year for gas and electricity, a hike of around £693.
Another 4.5 million people on prepayment meters will see an even bigger increase of £708 a year.
Soaring energy bills are the key factor in what the Resolution Foundation think-tank has described as a “cost of living catastrophe” facing people across the UK this year.
Jonathan Brearley, chief executive of Ofgem, said: “We know this rise will be extremely worrying for many people, especially those who are struggling to make ends meet, and we will ensure energy companies support their customers in any way they can.”
The rise will come into force from April 1 as the price cap on energy bills is updated for the next six months.
Ofgem said the increase is driven by a record rise in global gas prices over the last six months, with wholesale prices quadrupling in the last year.
Andrew Bartlett, chief executive of Advice Direct Scotland, said: “This sharp rise will be a devastating blow for many households across Scotland.
“It will cause deep anxiety and financial worries, leaving many people facing the stark choice of heating or eating.
“But Scots don’t have to struggle alone – free, impartial and practical advice is available to everyone in Scotland through our energyadvice.scot service.
“And charities and organisations in Scotland which provide debt, money or energy advice can sign up at homeheatingadvice.scot as a ‘referral partner’ to access a £3m Scottish Government fund for those in fuel poverty or rationing their energy use.”
Nick Drewe, money-saving expert at online discounts platform, WeThrift, is warning Lanarkshire locals to do their best to save money on energy bills ahead of the cost of living hike.
Tips include keep checking your bills regularly, research before choosing a supplier and understand your energy bill.
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