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Martin Lewis says 'it's now nearly unthinkable' as he issues energy price cap update

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Martin Lewis has warned that energy bills are set to rise as the price cap could increase by nearly six per cent. The Money Saving Expert founder took to social media to share the latest energy price cap prediections for when it changes again in April.

Ofgem, the UK's independent energy regulator, alters the price cap for households every three months, mainly based on the cost of energy on wholesale markets.

The cap limits the amount providers can charge them per unit of gas or electricity which means those who use more energy will pay more.

On X, formerly Twitter, Martin Lewis wrote: "Bad news. The predictions for what'll happen to the energy price cap in April keep rising.

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