Martin Lewis said the latest estimate of how much energy bills could rise this year left him 'feeling sick'. The money saving expert warned UK households that the energy price cap is now predicted to rise by around £450 more than previously expected.
Mr Lewis told his followers on Twitter that the cap is now expected to go up by 64 per cent in October, which could see Brits spending £3,244 a year on their bills. It comes after Ofgem predicted in May that the October cap would rise to around £2,800.
The latest estimates come from Cornwall Insight, one of the country’s premier energy consultancies, and are based on what an average household spends on gas and electricity in a year. Cornwall also predicted that the price cap could go up by another £360 more than previously thought in January.
