Consumers could be faced with gas and electricity prices of almost £5000 in 2020 - four times higher than they are at present.
Since 2005, utility bills have more than doubled. If this trend continues, along with expected increases to fund investment and carbon-cutting technology, bills could reach £4733 per year.
A large increase in electricity prices is the last thing the country needs, especially since many people are trying to reduce their outgoings as the recession continues.
However, investment that could push up bills may reduce the amount people pay in the long term.
That is because a significant chunk of the £233 billion earmarked for investment is set to fund the installation of smart meters in all UK homes.
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