The average household is forecast to spend some £120 extra come April as the cost of the average bill soars. Energy bills alone will go up by more than £100 on average, while council tax, TV licenses and NHS prescriptions will also rise. Local authorities across the UK have announced increases in council tax, with bills in England rising by an average of 4.5 percent.

Around 15 million households will see their energy bills increase by more than £100 a year from April after the regulator Ofgem said it was lifting two price caps because of rising wholesale costs.

Water bills are to go up by an average of two per cent, leaving homes £8 a year worse off.

Drivers will also feel the pinch as vehicle excise duty goes up by as much as £65 a year for the highest-polluting motors.

We will also pay 3p more per stamp, 20p more on NHS prescriptions and £4 a year more for our TV licences – read on for a full list of price hikes.

How can you save money?

According to impartial consumer researcher Which?, one of the easiest ways to save is on energy bills.

Here are some of their top tips:

Switch energy supplier

Possible annual savings: Up to £169

According to Ofgem, around 58 percent of the UK population are on a standard or default tariff, meaning you could save big by switching.

Find out how much you could save by comparing energy prices HERE.

Insulate your walls and loft

Possible annual savings: £275

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Laying insulation could save you a fortune as less heat is lost through the roof and walls, meaning your heating bills will be lowered.

Turn down your heating by just 1C

Possible annual savings: £75

According to Energy Saving Trust, turning your heating down even a fraction can help cut bills.

Replace lightbulbs

Possible annual savings: £200

Energy-saving LED light bulbs can help you cut your energy bills easily.

An LED light bulb costs around £1.56 to run per year, where a traditional bulb costs £9.66 per year.

Replace your old boiler

Possible annual savings: £200

More than half of what you spend on energy in a year goes on heating. So replacing an old and inefficient boiler with a modern energy-efficient one makes a big difference to your bill.

Get a smart meter

A smart meter will tell you how much energy you’re using in real time, allowing you to make adjustments to cut down on usage.



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