There are measures we can take now
Money expert Martin Lewis gave a bleak outlook for Brits heading into the winter as he warned of yet another hike in energy bills. Mr Lewis even went as far as to to describe it as an 'energy bill disaster' amid the cost of living crisis.
"Though the clock is ticking, by the time the new PM is in place, we'll know the new price cap, so rising direct debits will be panicking millions. For now, let me explain what's coming, and try to mitigate it where I can." If you pay £150 a month now, you're predicted to pay £250 a month from October. Those paying £200 a month currently will face bills of £330 a month.
Lewis said: "Based on those predictions, over the next year you'll pay 57% more than the current price cap for energy." He added that: "if you can find a fix at less than that, it's worth considering". See if you can cut your energy use With variable-rate energy deals you pay for the energy you use. The more units you consume, the more you pay.
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