Martin Lewis has long been the person we all turn to when we need easy to follow advice on saving our pennies, and he's now warned us there are three things families must do now before next month's huge hike in energy bills.
Households up and down the UK are set to feel the pinch and could face wallet-hurting rises of 54% as energy regulator Ofgem has confirmed it is increasing its price cap by £693, from £1,277 to £1,971, on 1 April.
Prepayment customers will be the worst hit, with a jump of £708 from £1,309 to £2,017. Currently, the price cap , which sets a limit on the rates a supplier can charge for each used unit of gas and electricity, is reviewed twice a year.The move has left everyone feeling the strain, and some of us are being kept awake at night worried about rising prices and how to keep our families warm.To ease fears, MoneySavingExpert founder Martin Lewis has shared a useful new video with three things we can all do now...
Check if you can stockpile energy before the April price rise For all of us on older pre-payment meters, Martin says we can check if they can “stockpile” energy now to get around the April price hike.
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