Martin Lewis Britain Scotland Martin Lewis Britain Scotland

Martin Lewis issues energy bill warning to every household ahead of April rise

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dailyrecord.co.uk

Martin Lewis is warning that millions of households across Scotland and the rest of the UK can expect to see a "seismic" hit to their energy bills which could force some to choose between food or fuel this year.

The UK Government's energy price cap is due to be revised by Ofgem, the industry regulator, in February, with the increase put onto customers' bills from April.

But according to Cornwall Insights, an energy sector specialist, bills could rise from £1,277 a year under the current price cap to £1,865 a year when the next revision is announced, a rise of 46%.

They also predict it could spike to £2,240 a year at the following quarterly revaluation in August 2022 without a significant fall in energy prices globally.

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