Martin Lewis has very recently issued a stern warning that the UK is about to experience a financial time bomb very soon.
Energy Price Cap Estimated
The price cap will increase from around £1971 to £3,240 if the predictions of the energy specialists come true.
Martin emphasised how, starting in October, someone paying the price cap’s current monthly rate of £100 will pay £165, while someone paying the cap’s current monthly rate of £200 will begin to pay £330.
Since the price restriction was instituted in 2019 by the regulatory body Ofgem, it has never been higher at £1,971. High energy costs have played a significant role in the rising cost of living, which has left millions of individuals struggling to make ends meet and buy necessities Energy price cap estimated
