Get all your news in one place.
100's of premium titles.
One app.
Start reading
Manchester Evening News
Manchester Evening News
National
Rachel Pugh

Martin Lewis' 'magic number' every energy bill payer should know about

Money Saving Expert Martin Lewis says there's a 'magic number' anybody who pays bills needs to know about. Martin, who regularly appears on ITV's This Morning,

In a video posted online the financial journalist said "timing is crucial" as things change regularly. Martin added: "The current price cap for someone who is dual-fuel, which is typical use, is £1,971 a year. That went up massively on the 1 of April and that's where it sits right now. That will last until the beginning of October."

The October price cap is based on wholesale rates that energy firms pay between the start of February and the end of July, Yorkshire Live reports. Brits are currently halfway through that period so Martin has predicted what will happen this year.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.