MARTIN Lewis has issued an update on whether he thinks energy bills will rise in April. Speaking on BBC Radio Four’s Today programme this morning, he said there’s a “better than 5…
In April it is due to rise to £3,000.
The last payment is being made this month, meaning bills will rise by £67 a month at the same time as the energy price guarantee goes up.Earlier this week, Ofgem revealed that the energy price cap will fall to £3,280 a year from £4,279 a year in April due to a drop in wholesale costs. However, it was temporarily replaced by the energy price guarantee in October 2022, as the government wanted to protect households from catastrophic rises in bills.Wholesale costs are still falling and it's been predicted that the cap will fall to £2,100 in July.
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