Take action now to avoid energy bill price rise, urges Martin Lewis

• Energy regulator Ofgem is raising the price cap by 4 per cent from 1 October, increasing average annual bills by £60 to £1,723.
• The increase brings bills to their highest level since July 2023, driven by Middle East conflict affecting wholesale prices and European heatwaves.
• Money Saving Expert founder Martin Lewis has stated the price rise is voluntary because it only applies to households on standard variable tariffs.
• Approximately 11 million households currently on fixed energy deals will be unaffected by the upcoming price cap rise.
• Lewis advised consumers to switch to cheaper fixed tariffs, highlighting that some current deals offer savings of up to 8 per cent below the current cap.

IN FULL

Martin Lewis explains how to avoid Ofgem energy price rise