Consumer expert Martin Lewis has explained how energy bills will be affected after Ofgem announced a new price cap.
Ofgem has reduced the energy price cap by 17%. This means an average household, that currently pays no more than £2,500 a year for gas and electricity, will now pay an average of £2,074. The exact amount you pay depends on how much you use.
The changes will come into force from July 1. But speaking on Good Morning Britain, Money Saving Expert Martin Lewis said the change may not be immediate for you, depending on when your direct debit is assessed.
