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Sam Barker

Martin Lewis warns Brits to brace for energy bill hikes of up to 60% in April

Martin Lewis Ofgem United Kingdom

Martin Lewis has warned households that an energy bill hike of up to 60% is coming - and it will mean an extra £623 to £723 per home.

Speaking on ITV's Good Morning Britain this morning, the MoneySavingExpert founder said a price cap which is keeping energy bills artificially low is set to rise today.

Lewis said: "At 11 I am expecting to hear the price cap is going to be increased on April 1 by between 50 and 60%, that's the range. We have a pretty good idea, because the assessment period that the price cap is based on ended on the last day of January."

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