Martin Lewis was back on TV this week in a cost of living special edition of his award-winning Money Show Live. His main focus was on energy and the upcoming energy bill increase which is set to begin on October 1.
To circumvent the eye-watering price cap predictions of nearly £4,000 that were due to come into force next month, the UK Government announced a new £2,500 Energy Price Guarantee, effectively creating a new cap until 2024. This doesn’t mean it’s the maximum someone could pay for gas and electricity bills and the consumer champion was quick to point out that the more you use, the more you’ll pay, similarly, use less and you’ll pay less.
One important area he focused on was taking energy meter reading next week, on or before September 30. Earlier this year Martin’s advice for ‘Meter Day’ in March effectively crashed firm’s websites and phone lines as energy customers raced to get their reading in before the April price hike kicked in - but this time he’s urging people to take a different approach.
