Energy bills could rise by more than £300 a year by 2020, according to a new report from Friends of the Earth.
The environmental group says that if energy companies continue to rely on fossil fuels, rather than investing in greener energy, the UK’s bill for gas and coal could increase by £8bn a year by the end of the decade.
The estimate is based on prices continuing to rise at the rate they did between 2000 and 2010.
Today Which? is joining energy suppliers, consumer groups and the Department of Energy and Climate Change (Decc) at an energy summit to see what help can be offered to those struggling with energy bills.
Average energy bill up
Last week we reported on how the energy industry regulator Ofgem had announced that the average dual fuel gas and electricity bill will rise to £1345 a year by November.
The Friends of the Earth report says the increasing cost of coal and natural gas was behind rocketing bills and energy companies were not investing enough in renewable energy.
A recent report from the Decc revealed that green energy makes up a tenth of the UK’s energy supply.
Steps to cut energy costs
Which? has expert tips on ways to cut your energy bill, as well as advice on how to generate your own green electricity at home by installing solar panels, wind turbines or renewable home heating systems.