Cornwall Insights predicts a 64% hike on Ofgem’s current cap of £1,971 in just 11 weeks time
Martin Lewis is warning of a ‘bleak winter’ ahead for millions of households after new data published by Cornwall Insight suggested that Ofgem’s price cap is set to rise by 64 per cent, taking the annual cost for a typical user on a standard tariff to £3,245 from October 1. The energy analysts also suggested that the price cap could go up by a further £360 in January to £3,364.
Martin added that he “sounded the alarm” during an interview on BBC Radio 4’s PM programme last week, where he described the energy crisis as a “cataclysmic issue” for the UK Government. Martin wrote: “I sounded an alarm for politicians on Radio 4 on Friday. I'd love to ask all Conservative leadership candidates what they propose to do to avert energy bill disaster, and when?
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