The warning comes from experts at independent energy consultancy company Auxilione at a Downing Street meeting earlier today. The news will be devastating for British households who are already struggling to pay average energy bills of £1,971 a year.
The energy price cap has already risen from £1,277 to £1,971 this year and have been forecast to hit £4,420 by next April.
Now forecasters say gas and electricity prices have risen again meaning the price cap could exceed £5,000 in the first half of 2023.
Chancellor Nadhim Zahawi, who was also at the meeting, said electricity and gas companies are in talks with ministers to “do more” to help vulnerable households.
Meanwhile, people are being warned against following suggestions from Don’t Pay UK campaigners, who are encouraging people not to pay their energy bills this winter due to the cost of living.
Things you can do if you can’t pay your bills
Mr Ronsinson added: “You can save money on your energy bills by making your home as energy efficient as possible.
“If you have an old G rated boiler, replacing it with a new, more energy-efficient model can help cut your fuel bills.
“Or, you can simply reduce the heating in your home – turning down the heating by one degree can save you around £80 a year.”
However, it could be a good idea to send them regular gas and electricity readings, unless people have a smart meter.
Mr Robinson added: “You may also be able to pay off your debt through your benefits using the Fuel Direct Scheme.”
Britons will need to be claiming the following benefits to be eligible for help under the Fuel Direct Scheme: Income Support, Income-Based Jobseeker’s Allowance, Income-related Employment and Support Allowance, Universal Credit or Pension Credit.
In addition to switching off or unplugging appliances that have been left on standby, it’s suggested people wash clothes at 30 degrees instead of 40 degrees, which will still kill bacteria and save energy.