Money Saving Expert Martin Lewis has urged people with British Gas or EDF to consider increasing their direct debit payments. The finance expert says if you don't sort out your direct debits now, you could end up with a hefty bill further down the line.
The consumer champion devoted the first part of the programme to the energy crisis, following the announcement from Chancellor Jeremy Hunt that the UK Government’s £2,500 energy price guarantee will end next April.
The guarantee, which replaced Ofgem’s price cap, prevented a typical household bill rising from £1,971 to a predicted £6,000 this winter. However, Martin told viewers that early forecasts from industry analysts at Cornwall Insight, suggest that the nation is facing a 73 per cent hike in gas and electricity bills from April to an estimated £4,350.
