Martin Lewis has issued an urgent warning for people on fixed energy bills.
He highlighted that many billpayers may see their costs "jump to substantially more than the price cap rates" due to losing out on an essential government subsidy. The Energy Price Guarantee previously provided billpayers with a lower level of costs compared to Ofgem's price cap.
However, due to the price cap now dropping below the EPG at £2,074, this safety net will no longer be in place. Mr Lewis is now urging fixed-rate customers to check if their rates have changed.
