Martin Lewis has warned people against cancelling their direct debit payments before the October price cap.
On Friday, regulator Ofgem announced that the price cap would increase from £1,971 to £3,549 for the average household starting in October. An average household is considered to be one that uses 12,000 kWh of gas and 2,900 kWh of electricity in a year.
Gas prices were set at 14.92p per kWh from October, and electricity will cost 51.52p per kWh. By April, the experts at Auxilione now expect electricity to cost 117.5p per kWh.
