Martin Lewis issues a two-month warning to UK households amid ‘horrendous’ energy price hikes

martin lewis has issued a two-month warning to UK households, urging all to carry out an important check before another hike in the price of energy bills in October.

That Money Saving Expert Founder shared the message ahead of another surge in energy bills expected this winter.

Three months before the new price hike, Mr Lewis has told households to start budgeting for the new price now.

He said: “If your direct debit goes up in advance, that’s actually not the worst thing because it helps spread the cost, even if you might not like it.

“It’s going to be appalling and I hope that when a new prime minister is installed, the current type of freeze on policy making ends that day, September 5.”

He added: “Which is likely to happen when you have the price cap if you pay £100 a month now it will be £165 in October.

“If you pay £200 a month now, it will average £330 in October. That is the order of magnitude.”

Martin Lewis feels ‘sick’ ahead of October price hike.

It comes after Money Saving Guru revealed he’s “feeling sick” after sharing the latest predictions for energy prices later this year.

“It makes me sick to write this,” Mr. Lewis warned.

He continued: I’ve just received the latest price cap forecasts from @CornwallInsight. A huge rise in key wholesale price for the year ahead means…

“OCT cap forecast up 64% (i.e. £3,244/year on typical bills).

“JAN cap forecast up 4% (i.e. £3,363/year).

https://www.theargus.co.uk/news/national/uk-today/20571246.martin-lewis-issues-two-month-warning-uk-households-amid-horrendous-energy-price-hike/?ref=rss Martin Lewis issues a two-month warning to UK households amid ‘horrendous’ energy price hikes

Fry Electronics Team

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