The chancellor has said he “is willing to do what it takes” and increase support for households if energy bills rise again this autumn.

Sky’s economics and data editor Ed Conway asked the chancellor if he could guarantee he would step in if energy bills start rising again.

“All I can say is that I think I’ve demonstrated in the autumn statement, and the spring budget where I extended the energy price guarantee for another three months, funded in part by a windfall tax on the oil companies, that we are willing to do what it takes,” Mr Hunt said.

But, he added they were not expecting a major increase in Ofgem’s energy price cap, which today brought average bills to £2,074 a year.

“We are very aware of the pressures that families are facing, and we want to do what we can to support them”, he said.