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Energy comparison customers might be tempted to switch gas or electricity deals after hearing that prices have more than doubled in the last seven years.
Joe Malinowski, founder of an energy price advice website, explained that rising costs have resulted in the average household paying £1,245 a year to heat and run their home.
"It's obviously difficult to try and forecast the future but on some relatively conservative estimates, even on where wholesale gas and electricity prices might be heading, it looks like we could be seeing another 50 per cent increase from these levels," he claimed.
"We are looking at bills essentially hitting £1,800 a year for the average household [by 2020]."
A significant factor in increased fuel bills is the wholesale market, with 55 per cent of the average bill going towards paying for the cost of gas and electricity bought wholesale by the energy suppliers.
All five of the Big Six providers blamed recent rises in the wholesale market for their decision to hike prices for UK consumers.
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