Gas and electricity bills for around 22 million households across the UK are set to rise by £693 from April 1 in-line with Ofgem’s 54 per cent increase to the energy price cap.
The upcoming increase means the average household energy bill will rocket to around £1,791 per year while homes on prepayment meters will see costs go up by £708 to £2,017 - and they are expected to go up again when Ofgem reviews the price cap in August, with the change coming into effect in October.
However, Martin Lewis and his team at MoneySavingExpert.com have shared a completely legal way for those using an older prepayment meter, which still uses a card or a key to top-up, to delay the price cap and ‘stockpile’ energy by the end of March.
