Martin Lewis says British Gas, Scottish Power and Octopus customers will get another boost
There's more good news on the way for customers of big energy firms British Gas, Eon, EDF, Ovo, Octopus and more this year as Martin Lewis has given a date customers can expect an even bigger boost to their finances.
Now money saving expert Martin Lewis, who founded MSE Money Saving Expert, says there's another boost set to come later this year from gas and electricity companies which will take the total boost to £440.Martin told his BBC Radio 5 Live listeners that on July 1, the price cap from Ofgem is changing again and although the precise amount is not yet confirmed, current predictions from analysts Cornwall Insight have pegged the reduction at about 13% from July 1.
Martin said: "After the 1st of April, they'll go down to around £1,690 because the price cap is dropping 12%, that's locked in."So that's another 13% on drop. Now that will take our person who started on £1,930 down to £1,490."
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