Energy prices are set to see further price hikes in October as the price cap changes once more.
Experts have predicted that the staggering cap, set by regulators Ofgem, could soar to as high as £3,359 for the average household. They then suggest a further rise to £3,616 could be on the cards in January 2023.
Back in April, Money Saving Expert's Martin Lewis and other financial experts recommended that everyone take a manual meter reading the day before the price hike. This was so that your energy supplier would know exactly how much energy you used before the new rates were introduced to prevent you from being overcharged.
