There is a sense of urgency surrounding the increase in the energy price cap. As we head towards the end of March, MoneySavingExpert, Martin Lewis has warned that there are three things households must do before Friday, April 1.
The energy price cap rises by 54% at the end of this week, which, according to a report in the Mirror, means for those on a default tariff who pay by direct debit, the price cap is going up by £693 from £1,277 to £1,971. Prepayment customers will see a bigger jump, with their price cap going up by £708, from £1,309 to £2,017.
Ofgem's increase will be a huge hit to household bills. Martin Lewis has been highlighting the impending change for some weeks. While householders can do nothing about the price cap increase, Martin says there are three things you can do to make sure you are not paying more than you should.
