Martin Lewis has offered fresh expertise to all energy customers during the new series of his Money Show Live this week. The consumer champion devoted the first part of his programme to the current energy crisis. It followed on from Chancellor Jeremy Hunt's slashing of the original two-year energy price promise to just six months.
The guarantee of a £2,500 limit, which replaced Ofgem's price cap, stopped bills from soaring by £1,971 to a predicted £6,000 this winter. But, worryingly, Martin told viewers that early forecasts from industry analysts at Cornwall Insight suggested that the UK would face a 73% hike in energy prices from April, to an estimated £4,350.
In light of the hike, Martin has issued another warning to British Gas and EDF customers in particular with regards to their Direct Debit payments. He said the two firms only reviewed payments bi-annually, linked to when customers joined, the Daily Record reported. It means they could be faced with a substantial rise in their payments next year. You can get more consumer news and other story updates straight to your inbox by subscribing to our newsletters here.
