"Now, this is uncertain, we are only halfway through our price cap window but we are expecting a price cap in October in the region of £2800," Ofgem CEO Jonathan Brearley told the Business, Energy and Industrial Strategy committee.

"I know this is a very distressing time for customers but I do need to be clear with this committee, with customers and with the government about the likely price implications for October," he added.

In April, Ofgem announced a 54% energy price cap increase amid rocketing oil and gas prices. The expected October rise will put further pressure on households that are already struggling.

Last week, police officer Vicky Knight made headlines after she blasted Home Secretary Priti Patel over the cost of living crisis. Knight explained that she is struggling to feed her child on her £2,300-a-month wage, highlighting just how unaffordable basic necessities are rapidly becoming, even for those earning what is widely considered generous pay.