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Adjusting to Rising Home Energy Costs
Energy prices are set to rise further, with a near 4% increase in October and an additional 9% forecast for January, driven by ongoing volatility in the wholesale gas market. As bills remain "stubbornly high," many households are experiencing increased debt, with unpaid energy bills reaching record levels and adding about £60 to the average annual household cost. The government is under pressure to implement relief schemes and targeted discounts for those most in need, amid limited financial options and rising costs associated with transitioning away from gas reliance.
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