Martin Lewis has issued an urgent warning to billpayers following a spike in energy prices.
The Money Saving Expert (MSE) founder took to Twitter to tell households who are considering fixing into an energy deal to act as "as soon as possible". He explained how wholesale energy prices “have spiked” again over the last week.
This could prompt gas and electricity firms to replace the cheapest existing customer fixes with more expensive deals. A lack of cheap deals has left roughly 22 million families on the standard price cap rate, which is reviewed twice a year by energy regulator Ofgem.
