Money-saving expert Martin Lewis has issued a stark warning to UK households about the impending rise in energy bills. The Energy Price Cap, which limits typical gas and electricity charges, is expected to increase in April, with potential rises of up to 7 percent. Lewis advises Britons to consider fixing their energy bills now, as over 80 percent of homes are on variable tariffs that fluctuate with the price cap. While there are risks associated with fixed rates, experts predict energy costs will remain high throughout the year.
Money-saving expert Martin Lewis has issued a stark warning to UK households about the impending "bad news" regarding energy bills. The Energy Price Cap, which sets the standard for typical gas and electricity charges, is due for another adjustment in April.
Lewis is now advising Britons to think about fixing their energy bills, noting that around 80 per cent of homes are on variable tariffs, which fluctuate with the price cap. While there are risks associated with fixed energy bills - such as being locked into higher rates if average charges drop - experts believe that energy costs will stay elevated for the remainder of the year, reducing the likelihood of overpaying."Up 6 per cent.
"The Price Cap moves every three months and the April to June cap's now predicted by British Gas, Eon and EDF to rise 5 per cent to 7 per cent." "Without intervention, it's virtually unthinkable that the cap won't rise - the only question is by exactly how much.
ENERGY BILLS MARTIN LEWIS UK ECONOMY ENERGY PRICE CAP FIXED TARIFFS
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