Why energy bills rising could expose Britain’s emergency savings gap (opens original article in a new tab)

Energy bills in Britain are set to rise by 13% from July, potentially exposing many households to financial strain due to low savings and emergency funds.

• Ofgem's energy price cap will rise by 13% from 1 July, increasing typical annual dual-fuel bills from £1,641 to £1,862
• 22% of people have no savings, and many have insufficient emergency funds to cover unexpected costs
• Households on standard variable tariffs will face higher bills, while those on fixed tariffs are unaffected