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Wales Online
Wales Online
Lifestyle
Kathryn Williams

Martin Lewis explains why energy prices have not dropped and why they might not for a long time

Martin Lewis and his money-saving show is back on ITV for the new year and the financial guru has been giving out some post-Christmas tips for those struggling. His primetime show, The Martin Lewis Money Show Live, returned after the festive break with his 'bill-buster' special where he talked about broadband prices going up, prescriptions, and water bills.

But opening the show was talk about energy bills and the rises we have seen over the past year and how it will potentially pan out during 2023. One audience member, Clifford, asked a question many of us would like to know – when will energy prices drop now that the wholesale price of gas, which rose due to various factors including the war in Ukraine, has started to drop?

As expected, Martin had a very thorough answer and a graph – but he didn't have good news as he predicted that next winter energy prices would be higher than they are at the moment, and later on he went to add that the UK Government would not be paying another cost of living payment to all households as is currently happening.

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