Boris Johnson, 57, is under pressure to deal with the energy prices after what has been a turbulent few months for the Prime Minister. Bills could soar by more than 50 percent for millions of customers.
It is estimated this could cost the average household around £700 per year.
Nigel Pocklington, chief executive of Good Energy, said: “To some extent their burning deadline is the day that the new level of the price cap gets announced… because that’s when you would think that it becomes obvious they are going up.”
Britain’s energy regulator Ofgem will announce the new price cap next month.
It has been said the cap could be raised to around £2,000 for the average household.
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This would be a significant increase from £1,277 today.
The independent think tank, the Resolution Foundation, has warned the number of families spending at least 10 percent of their budgets on energy bills will triple when the new price cap is introduced in April.
They also point out the proportion of households in England in ‘fuel stress’ could increase from 9 percent to 27 percent.
Mr Pocklington said: “You absolutely need to be concerned for vulnerable households and homes and families that will be put into fuel poverty.
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Mr Johnson has faced calls – both from Tory MPs and the Labour Party – to axe VAT on energy bills in a bid to alleviate the pressure on households.
The Prime Minister had pledged to do so during the 2016 referendum, when he cited scrapping VAT on energy bills as a good reason for Brits to back the Vote Leave campaign.