Martin Lewis issues energy bills warning and urges people to act 'ASAP'
| Published date | 17 June 2022 |
| Author | Alexander Smail |
| Publication title | EdinburghLive (Scotland) |
This is because wholesale energy prices have soared over the past seven days, meaning that energy providers may replace the existing prices with "costlier" ones.
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The price cap prediction for October has skyrocketed to £2,880 per year on typical use — a rise of £800.
As a result, those looking to fix their energy tariff should do it now if they want to avoid paying the impending higher costs.
Those who are on a fixed price energy tariff are locked into their unit price for gas and electricity for the duration of the plan — meaning if your supplier announces a price rise, your rates will not go up.
Taking to Twitter, he said: "WARNING: Wholesale energy prices have spiked over...
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