Martin Lewis' Money Saving Expert website has updated its latest guidance on whether or not householders should fix into an energy deal now. This comes following predictions from experts, who think that an even sharper energy price cap rise is set for October.
Said price cap - which limits the amount suppliers can charge for individual units of gas and electricity used - rose on April 1 this year, from £1,277 to £1,971. However, Cornwall Insight thinks this could soar by a further £1,388 to hit £3,359 before the year is out.
It is said that the cap could also rise by a further £257 in January 2023 - pushing the total sum to £3,616. This is £1,645 more than it currently sits at.
