Photo by Martin Lewis Warns of Energy Price Cap Changes
Martin Lewis, the renowned Money Saving Expert founder, recently shared concerning news for energy bill payers. Amid the current cost of living crisis, Lewis highlighted the latest predictions regarding energy price caps. The new forecasts from @CornwallInsight suggest that rates may not decrease as significantly as anticipated. Lewis emphasized the uncertainty of long-term predictions, cautioning consumers to stay informed.
Lewis confirmed that the energy cap will decrease by 12.3% on April 1, resulting in a lower cost of £87.70 for every £100 of energy used. However, the expected drop of 7.7% on July 1 is less than initially projected. Looking ahead to October 1, a 4.6% increase in the cap is anticipated, slightly higher than the 4% estimate. By January 1, 2025, the price cap is predicted to rise by 2%, although Lewis emphasized that these figures are subject to change.
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Maria Hernandez is a penny-pinching expert with a passion for uncovering the best money-saving hacks. Known for her sharp wit and knack for turning bargains into financial freedom.
