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Martin Lewis warning to energy customers of British Gas, OVO and EDF ahead of price cap change

2024-03-31 00:00:00.0 独立报-英国新闻原网页

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Martin Lewis has issued a warning to British Gas, OVO and EDF customers ahead of changes to the Ofgem price cap.

The money-saving expert took to X, formerly known as Twitter, to warn energy customers that the Ofgem energy price cap rates aren not looking to drop as much as they were.

The cap will be dropping by 12 per cent on April 1, followed by a predictions of a further decrease of seven percent in July.

However, according to independent energy analysts Cornwall Insight, the cap is then likely to rise more than experts predicted in October and again in January.

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“Overall over the next year this means you’d pay on average 15% less than the current price cap over the next year once you factor in seasonal usage. There are fixes cheaper than that right now (more coming on that in a bit),” Mr Lewis said.

“It says the reason for the change in prediction is the relevant wholesale rates (those are not the spot rate they’re future rates) have come slightly off recent lows, plus some changes by Ofgem to allow firms to recoup some more of the cost of supporting customers who can’t pay bills.”

According to Mr Lewis, the predictions are as follows:

1 April: CONFIRMED price cap DOWN avg 12.3%, so for each ￡100 of energy used now, you’ll pay ￡87.70.

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