Martin Lewis' 'magic number' every energy bill payer should know about
manchestereveningnews.co.ukMoney Saving Expert Martin Lewis says there's a 'magic number' anybody who pays bills needs to know about. Martin, who regularly appears on ITV's This Morning, In a video posted online the financial journalist said "timing is crucial" as things change regularly.
Martin added: "The current price cap for someone who is dual-fuel, which is typical use, is £1,971 a year. That went up massively on the 1 of April and that's where it sits right now.
That will last until the beginning of October." The October price cap is based on wholesale rates that energy firms pay between the start of February and the end of July, Yorkshire Live reports.
Brits are currently halfway through that period so Martin has predicted what will happen this year. READ MORE: People are just realising why snooker players are forced to wear bow ties and waistcoats Using Cornwall Insight for his research the broadcaster thinks there will be another rise of 32%.
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