Martin Lewis has explained why millions of households will be paying more for their energy bills from April, despite the price cap being lowered.
The amount energy suppliers are able to charge households will drop from the current £4,279 per year to £3,280, Ofgem confirmed on Monday (February 27). The regulator said the reduction of almost £1,000 reflects recent falls in wholesale energy prices.
But the Money Saving Expert appeared on Good Morning Britain to explain how energy bills will still be rising. Joining the ITV programme via video, Martin explained: "Since last October, the government has been subsidising energy prices through its Energy Price Guarantee (EPG) scheme.
