Martin Lewis has issued urgent advice to every British Gas and E.On customer as household energy bills continue to rise. Appearing on his Martin Lewis Money Show Live ITV broadcast last night (May 24), the financial expert told viewers that anyone with British Gas or E.On should check if they can fix into an energy deal that is less than the current price cap.
It comes after an Ofgem boss Jonathan Brearley told MPs yesterday that the energy price cap could go up to £2,800 in October, an increase of around £830. He said Russia's invasion of Ukraine has caused the global gas market to become unstable and described the current situation with energy prices as a "once-in-a-lifetime" scenario.
Mr Brearley added: "I am afraid to say conditions have worsened in the global gas market since Russia’s invasion of Ukraine. Gas prices are higher and highly volatile.
