Energy regulator Ofgem has made a change to how it calculates the energy price cap - and Martin Lewis has warned that it is making energy prices look 'falsely' lower than they were before.
Brits are expected to see a drop in their energy bills after Ofgem's new price cap of £2,074 came into effect on July 1. The price cap is based on an average household's yearly bill and sets the maximum unit rate at which energy providers can charge for gas and electricity.
Money saving expert Mr Lewis previously explained that Brits should see their energy bills drop by 17 per cent thanks to the change after the previous cap, determined by the government's Energy Price Guarantee, was set at £2,500. However, Mr Lewis has now issued a warning over a change that Ofgem has made to its definition of 'average use'.
