Money Saving Expert founder MartinLewis is warning of another energy bill increase
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.”
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