Martin Lewis gives 60-day warning to UK households as energy bills to rise again

Martin Lewis gives 60-day warning to UK households as energy bills to rise again

Martin Lewis has warned Brits to be wary of the energy price cap rising again this autumn.

The energy price cap is currently £1,971 a year for those on a default tariff who pay by direct debit.

But experts are predicting another huge increase in the next few months.

READ MORE: Martin Lewis's urgent warning as energy bills set to rocket this autumn

Latest predictions from analysts at Cornwall Insight suggest the price cap could hit an eye-watering £3,244 from October.

It is then predicted that the price cap could reach £3,363 from January.

Now in a Q&A session on Facebook on Monday, Martin urged families to be prepared for huge price hikes.

The MoneySavingExpert founder said: "Start budgeting now for the rise coming in October.

"If your direct debit goes up in advance, it's not the worst thing as it will help spread the cost even though you might not like it.

"It is going to be horrendous."

Martin added: "What's likely to happen if you're on the price cap, if you're paying £100 a month now, it'll be £165 in October.

"If you're paying £200 a month now, it'll be £330 in October on average. That's the scale."

If you're struggling with your energy bills, you can speak to your supplier to see what help they can offer you.

You might be put on a payment plan or try to find ways to lower your bills.

All the big energy firms also have charitable hardship funds and grants that you may be eligible for if you're struggling.

The government is also giving all people in receipt of this benefit an extra £300 this winter as a one-off cost of living payment.

Meanwhile, every household in the UK will also get £400 off their bill from October.

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