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Nuray Bulbul

Martin Lewis says potential 42% energy price cap hike 'feels like panto'

Martin Lewis Ofgem

Tonight on the Martin Lewis Money Show live special, money expert Martin Lewis highlighted that the energy price cap is increasing by an eye watering 42% in October. Energy regulator Ofgem broke the news today and it means households across the nation could be looking at paying around £2,800.

The CEO Jonathan Brearley said in a statement earlier today "I will be writing to the chancellor to give him our latest estimates of the price cap uplift," before adding that "“This is uncertain - we are only part-way through the price cap window - but we are expecting a price cap in October in the region of £2,800."

Lewis opened tonight's show with what sounded like disbelief, the 50-year-old said: "We have Ofgem estimating a 42% price hike. It feels like a pantomime. I wish it was"

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