Martin Lewis, a prominent money expert, has issued a series of statements regarding the recent changes to the energy price cap implemented by Ofgem. Despite a drop in wholesale prices, the cap on energy charges remains above pre-crisis levels. Lewis described the new price cap as 'the good, the bad, and the ugly,' highlighting both positive and negative aspects. He warned that the upcoming October price cap will rise by 12%, which could impact many households. Additionally, he addressed a 'much-despised' and 'outrageous' charge that persists despite the cap drop. Lewis also issued a one-word verdict on whether to 'fix your energy bill'.
Martin Lewis explains what the price cap means - including 'outrageous' charge https://t.co/ccCVenFFXX
Cap on energy charges still above pre-crisis levels despite wholesale price drop Read more🔗 https://t.co/DVPj8xp3tr
Martin Lewis explains 'much-despised' charge despite Ofgem price cap drop https://t.co/ZhXRANGBJ2
Money expert Martin Lewis describes the new energy price cap as ‘the good, the bad and the ugly'. He begins by telling @JustinOnWeb about 'the good'. #R4Today
Martin Lewis issues 'ugly warning' after Ofgem price cap move https://t.co/9IiPzcqROM
'In October the energy price cap will rise a whopping 12%' @MartinSLewis explains why the energy price cap drop isn't all good news. https://t.co/yp94VBPhw3
Martin Lewis issues one-word verdict on whether to 'fix your energy bill' https://t.co/UcniVfjVwh