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The uncertainty triggered by Britain's vote to leave the European Union will translate into a sharp increase to consumer energy bills, according to industry experts.

Under its "capacity market" scheme, the government offers subsidies to energy firms to ensure their power stations will produce enough energy when needed in future winters. The scheme, writes the Sunday Telegraph, aims to encourage the construction of new gas plants to replace Britain's nuclear and coal power stations.

However, if Brexit triggers the economic slowdown many economists have forecast, the subsidies to secure sufficient power plants would increase by £364m ($482m, €436m). Furthermore, an economic downturn would also reduce energy demand, which would in turn affect the profitability of a power station.

The Sunday Times also warned that Brexit could result in higher energy deals, due to the pound's depreciation. Some 15 suppliers, including First Utility, Sainsbury's and Extra Energy have withdrawn their cheapest deal since the start of June, the paper reports, adding the new deals cost on average £38 more a year.

Wholesale energy costs, which account for approximately 40% of an average household energy bills were 6% higher last week than they were before the EU referendum. There are still deals that offer good value for money and fixed-term tariffs offer protection against price hikes.

At an average of £770 a year, Co-operative offers the cheapest 14-month fixed-term tariff, while nPower offers one of the longest fixes, at an average of £846 a year for dual fuel customers and no exit penalty.

Energy bills are not the only aspect of personal finance to be impacted by the weaker pound. The Financial Times warns that Britons wishing to spend their summer holidays in the western Mediterranean would have to spend a lot more than in the past, due to the depreciating sterling and holidaymakers avoiding parts of southern Europe that have been "engulfed by the migrant crisis".

The cost of an average meal for a family of four people on the Amalfi Coast has soared 32% to £104.08 since 2014, according to a report, while holidays in eastern Mediterranean countries have become considerably cheaper.

Meanwhile, the Sunday Times warns travellers against the risks of booking a holiday outside the traditional channels. When paying in advance for accommodation, using a debit or credit card provides additional protection and travellers should also be suspicious of unusual payment requests or requests to update payment details, the paper adds.

Finally, in the same broadsheet, Patrick Connolly, financial planner for Chase de Vere, explained investing money on small company funds in Brexit Britain could be detrimental for parents wishing to invest on behalf of their young children.

Parents who want to invest for their kids, should keep their portfolio diversified, de Vere said, adding Investec Cautious Managed and Fundsmith Equity were two of the funds worth investing in. The former has stolen a march on its rival by increasing its exposure to some large businesses involved in gold mining, while the latter could benefit from a strong US dollar, given its exposure to US shares.