Martin Lewis has issued a warning to billpayers because the power value cap is about to rise in October.
Ofgem, the power regulator, has confirmed that payments for common UK households are set to rise by £35. It’s a 2 per cent rise in payments, that means the typical annual invoice will rise from £1,720 to £1,755.
Talking on his BBC podcast, the MoneySavingExpert founder urged Britons to take motion now. He defined that two-thirds of houses in England, Scotland, and Wales are on the value cap, their agency’s normal tariff, and advocated for billpayers to as a substitute swap to the most cost effective repair.
