Martin Lewis has warned households in Great Britain could face an additional price hike of up to 20 per cent on their household energy bills in October, on top of the £600 rise coming this April.
Speaking to ITV's Good Morning Britain, the finance expert explained how the price cap, not applicable to those living in Northern Ireland, will rise in April and see millions in England, Scotland and Wales paying approximately £600 more for their utility bills due to the ongoing rise in wholesale energy prices.
Martin explained to GMB viewers and hosts Ben Shephard and Susanna Reid that prices for wholesale gas are seven times more expensive than they were at this time in 2021.
