Martin Lewis issues warning about amount your energy bill will rise by in weeks

Money Saving Expert founder Martin Lewis is warning of another energy bill increase that could add extra strain on families’ budgets during the cost of living crisis.

The government’s regulator for electricity and gas, the Office of Gas and Electricity Markets recently announced a change in how it would calculate the price cap on energy bills going forward. What is a price cap? A price cap is there to help customers. It limits what you pay for each unit of gas and electricity that you use. It also sets a maximum daily standing charge, which is what you pay to have your home connected to the grid.

Speaking on ITV’s Peston Show, Martin said if people stop paying their bills and the government doesn’t intervene, there will be “exponential problems.”

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Martin Lewis shares bleak price cap rise and calls for the Government to ‘wake up’The next energy price cap will be announced on 26 August and will come into effect in October, with prices expected to skyrocket
Source: leponline - 🏆 50. / 63 Read more »

Martin Lewis Blasts 'Zombie Government' As Energy Bills Set To Hit £4,200 In JanuaryConsumer rights champion calls for urgent plan, saying: 'People's livelihoods, mental wellbeing and in some cases very lives depend on this.' Im afraid the zombies are the British people who allowed themselves to be locked up, muzzled and jabbed. Now the government know what insipid gutless people they are and can do just about anything and get away with it because the brits will just accept it. Theft. There is a false sense that if somehow you make it through this winter it's done. But no these extraordinary EnergyPrices are set to continue beyond the time horizon.
Source: HuffPostUK - 🏆 108. / 51 Read more »