Energy customers have told of their shock after exploring new fixed quotes, only to be offered energy prices as high as £12,000 a year.
Many customers are not being advised to switch currently, as quotes are unlikely to be cheaper than the price cap, which most are on.
According to consultancy Cornwall Insights, Ofgemis set to put the price cap to an average cost of £4,266 by January.
Among those sharing their shock at price quotes given by suppliers in the wake of the news was Dr Dan Reisel, a Clinical Research Fellow at University College London, who shared a fixed quote he had been offered for a whopping £12,166 a year.
