Martin Lewis issues vital Ofgem price cap advice for UK household energy bills

• Energy regulator Ofgem has raised its price cap by four per cent, bringing the average annual household energy bill to £1,723.
• The £60 annual increase equates to an extra £5 per month for typical households using both gas and electricity.
• Money saving expert Martin Lewis clarified on Good Morning Britain that the price cap increase only applies to standard variable tariffs.
• Consumers currently on fixed energy deals will not be affected by the price cap rise until their existing contracts end.
• The price cap increase comes as households face heightened financial pressure from energy bills ahead of the winter season.

IN FULL

Ofgem price cap rise: Martin Lewis reveals who will be hit by higher energy bills