Martin Lewis Shares 'Not Great News' After Energy Price Cap Change - Liverpool Echo
UNITED KINGDOM, JUN 17 – The rise is driven by higher wholesale energy costs linked to Middle East conflict, after a 7% bill cut in July, affecting millions of UK households, experts say.
- Starting July 1, energy bills for millions of UK homes will decrease by 7%, with typical direct debit users expected to save around £129 per year.
- This reduction follows Ofgem's introduction of the Energy Price Cap in January 2019 to protect households from high variable tariffs and rising wholesale energy costs.
- Experts now anticipate an increase of approximately 2% to 3% in the Energy Price Cap this October, primarily driven by higher wholesale costs linked to the Middle East conflict.
- Martin Lewis described this prospect as "not great news" and advised consumers to shop around, seek better deals, and consider payment changes to save up to £136.
- The expected October rise indicates continued pressure on energy costs, suggesting some households may face higher bills despite prior reductions and expanded support schemes.
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Warning that energy price cap could increase again this year in 'not great news'
Experts are warning that the Energy Price Cap could rise again in October 2025, by around 3.
·Skipton, United Kingdom
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