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Martin Lewis issues 'bad news' energy price cap update

  • Martin Lewis has warned that the energy price cap is expected to rise, with predictions ranging from 3.3% to 5.7% by April, indicating 'bad news' for consumers.
  • The current energy price cap is fixed at 6.34p per kWh for gas and 24.86p per kWh for electricity until March 31.
  • An official announcement regarding the energy price cap changes is expected on February 25, setting rates for April to July.
  • Households in England and Wales will also see an average 26% increase in water bills starting April 1, with some regions facing even larger hikes.
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