Soaring energy bills already on the cards for many and already expected to push to unseen heights from October, are now predicted to be even more DIRE.

A leading think tank has just announced that its prediction for what energy bills will look like in January, published August 2, has now been revised up again.

Energy bills will hit £4,266 for a typical household by January next year, Cornwall Insight has warned.

That's a rise of £650 for households in England, Scotland and Wales compared with its estimate published just last week.

The reason for the even higher number is the decision of the regulator Ofgem's decision to change the price cap every three months instead of six and higher wholesale prices.

In its latest report, Cornwall has also increased its forecast for this autumn's typical domestic energy bills to £3,582, up from its previous prediction of £3,358.

The latest price cap - the maximum amount suppliers can charge customers for average energy usage in England, Scotland and Wales for October - is due to be announced at the end of this month.

The government is offering every household £400 off their electricity bill, under the Energy Bills Support Scheme.

You don't need to do anything to get the money and you won't have to pay it back. The £400 will be automatically added to your energy account over six months starting from October 2022. If you have a prepayment meter, the £400 will be added to your meter or you'll be given vouchers - the government will confirm how you'll get the money nearer the time.

The investor company Investec has also issued a warning that energy bills are continuing to climb due to energy companies collapsing.

High wholesale prices over the second half of 2021 and into the beginning of 2022 has led to nearly 30 energy suppliers collapsing and Bulb going into administration in September. Investec has put the estimated cost of these collapses as £4.6 billion or around £164 per household.