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Liverpool Echo
Liverpool Echo
Business
Kate Lally

Households from July to be '£446 better off' predicts Martin Lewis

Martin Lewis has predicted UK households are about to be around £446 better off each year, on average, from July.

On Thursday (May 25), energy regulator Ofgem will announce its new price cap, set to start on July 1 and last for three months. The "cap" dictates what almost all homes in England, Scotland and Wales will pay for their electricity and gas.

On his Money Saving Expert website, Mr Lewis has forecast the cap will drop from the current £2,500 per average household to £2,054.

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