Millions of Britons urged to submit meter readings before energy price cap rises

A group of people stands in a busy street, checking their smartphones and discussing energy meter readings as the deadline approaches for submitting them before the price cap increase.

The new price cap will see an average increase of approximately £500, bringing the total annual energy cost for typical households to around £2,500. This change comes amid ongoing concerns about rising energy costs, exacerbated by geopolitical tensions and supply chain disruptions that have affected energy markets globally. Energy suppliers have emphasized the importance of … Read more

Martin Lewis explains the implications of the new energy price cap

Martin Lewis speaks at a press conference, addressing the recent changes to the energy price cap and its effects on UK households.

Martin Lewis, a well-known financial expert and founder of MoneySavingExpert.com, has been vocal about the implications of this new price cap. As of November 2023, the new cap is set at £2,074 per year for a typical household, a decrease from previous levels but still significantly higher than pre-crisis prices. This adjustment is seen as … Read more