If Britain misses its green energy targets we could all face energy bills of up to £2,000 a year, which would place further strain on the debt management of many struggling households.
In a worst case scenario, household bills could rise upto 60 per cent by 2016, driving energy bills to the £2,000 mark for the year.
This came following a review of the energy market in Britain by watchdog Ofgem.
Currently the average household energy bills total £1,247 annually, but according to the Ofgem report this could soar to £1,995.
A spokesperson for utility switching service Energyhelpline, said: “If Ofgem’s worst case comes true, we are looking at the £2,000 a year energy bill.
“A rise of 60pc is credible, unfortunately, especially for electricity. A lot of generating plant is about to be replaced with greener technology.”
Ivan Cooper, Chairman at debt advice organisation Chiltern, said: “There are already a record number of households who are struggling to manage their finances in the current climate, resulting in more people seeking help with their debt management issues.
“If the predictions from Ofgem are correct, then many more may face serious debt problems as they turn to overdrafts and credit card debts to pay for household bills.
“A more sensible option would be to seek impartial debt advice from a reputable provider, as soon as households feel they may be unable to maintain any current commitments.”
