This is a projected increase of over £600 from the current cap of £1,971, and would mean energy prices would have doubled in just one year.
The exact amount one pays depends on one’s energy consumption.
Cornwall Insight initially estimated a 50% increase in October, then was re-estimated to 29% at the end of March 2022.
Although the 32% increase is less than its initial estimated figure of 50%, it will still add significant costs to gas and electricity bills.