A price hike of 20% is expected in just a few months time before it could fall again
During an appearance on Good Morning Britain last week, Martin Lewis said that "energy bills are set to rise before they fall" amid the ongoing cost of living crisis.
Ahead of his popular Martin Lewis Money Show on ITV and STV for those in Scotland, the expert said this should happen around April time. However, the guru has said that wholesale energy rates have "dropped rapidly in recent months". Not only that, but this now means energy bills are forecast to be lower in good news for bill payers.
During the segment all about energy bills, Martin Lewis said that often people look at the the wrong 'day ahead' graphs however this "irrelevant in the UK" and people should instead focus of the 'year ahead' graphs.
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