Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleOfgem's energy price cap is set to increase by £221 annually (PA)Ofgem's energy price cap is set to increase by £221 annually to £1,862 from July, marking a 13 per cent rise and the highest level in over two years. The increase was triggered by spiking oil prices caused by the ongoing US-Iran conflict. Money expert Martin Lewis advises that the price cap is “time-lagged”, meaning “the Middle East conflict will only finally force its way onto most people's energy bills from July”.Lewis said: “The rise only applies to firms' bog-standard tariffs. Fixes aren't price-capped, so won't rise. So if you're on the Price Cap, consider getting off it, if you can.”There are three fixed energy tariffs on the market currently recommended by Mr Lewis and his Money Saving Expert service, including Ecotricity, Outfox Energy and E.on. In fullMartin Lewis shares how to get ahead of £221 July energy bill riseThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Martin Lewis explains how you can save cash ahead of energy bill rise
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleOfgem's energy price cap is set to increase by £221 annually (PA)Ofgem's energy price cap is set to increase by £221 annually to £1,862 from July, marking a 13 per cent rise and the highest level in over two years. The increase was triggered by spiking oil prices caused by the ongoing US-Iran conflict. Money expert Martin Lewis advises that the price cap is “time-lagged”, meaning “the Middle East conflict will only finally force its way onto most people's energy bills from July”.Lewis said: “The rise only applies to firms' bog-standard tariffs. Fixes aren't price-capped, so won't rise. So if you're on the Price Cap, consider getting off it, if you can.”There are three fixed energy tariffs on the market currently recommended by Mr Lewis and his Money Saving Expert service, including Ecotricity, Outfox Energy and E.on. In fullMartin Lewis shares how to get ahead of £221 July energy bill riseThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
