Martin Lewis issues bleak price cap update as he calls for the ‘zombie’ Government to ‘wake up’
Lewis has warned that based on Ofgem’s new methodology, there will be an 81 percent price cap rise in October, which would increase a typical bill to just over £3,500 per year.
The government recently announced that there would be a £400 energy bills discount to support households this winter, something that Lewis said would be swallowed up instantly, leaving many ‘destitute’.on Tuesday morning to share a detailed thread regarding the increase, and told the government it needs to “wake up soon”.
“The rise alone on the January prediction, from when the help was first announced in May is roughly £1,400/yr. Lewis has been vocal about the cost of living crisis that has seen millions of households now under significant financial strain.