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Edinburgh Live
Edinburgh Live
World
Alexander Smail

Martin Lewis issues urgent energy price cap advice amid 'crisis'

Martin Lewis has issued urgent advice regarding the energy price cap amid what he referred to as a "crisis".

With the cost of living crisis continuing to worsen, households across Scotland and the UK are looking to cut costs wherever possible. However, the energy price cap is set to soar in October, meaning households can expect to pay hundreds of pounds more a year in bills.

The energy price cap refers to the limit of what energy companies can charge consumers their default standard variable tariffs. It is currently updated every six months, but this will soon change to every three months — and so bills are expected to rise even further in January to as high as £3,500 a year.

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