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The Independent UK
The Independent UK
National
Albert Toth

Martin Lewis explains how UK households can save money ahead of July energy bill rise

Martin Lewis Energy United States
  • Ofgem 's energy price cap is set to increase by £221 annually to £1,862 from July, marking a 13 per cent rise and the highest level in over two years.
  • The increase was triggered by spiking oil prices caused by the ongoing US-Iran conflict.
  • Money expert Martin Lewis advises that the price cap is “time-lagged”, meaning “the Middle East conflict will only finally force its way onto most people's energy bills from July”.
  • Lewis said: “The rise only applies to firms' bog-standard tariffs. Fixes aren't price-capped, so won't rise. So if you're on the Price Cap, consider getting off it, if you can.”
  • There are three fixed energy tariffs on the market currently recommended by Mr Lewis and his Money Saving Expert service, including Ecotricity, Outfox Energy and E.on.

IN FULL

Martin Lewis shares how to get ahead of £221 July energy bill rise

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