Martin Lewis shares new energy price cap predictions for October as ‘typical usage’ due to change
dailyrecord.co.ukEnergy bills are expected to remain “relatively stable” but significantly above pre-pandemic levels for the foreseeable future, according to the latest analysis from Cornwall Insight.
The energy consultancy firm has forecast “relatively small fluctuations” for energy regulator Ofgem’s price cap through to September next year, which it expects will fall to £1,860 for a typical dual fuel household in October 2023.
However, eagle-eyed Martin Lewis and his team at MoneySavingExpert.com have spotted that Ofgem’s definition of ‘typical use’ is set to change in October.
Luckily for millions of households keen to get an idea of what the predictions will mean when the temperature starts to drop and the urge to switch on the central heating gets stronger, the financial guru has shared the calculations in a post on social media.
Read more on dailyrecord.co.uk