October 2, 2024

Martin Lewis says energy price cap is a ‘pants cap’

Claudio Ctin1 mins
Martin Lewis says energy price cap is a ‘pants cap’

Consumer champion urges people to head to a price comparison website to find a cheaper deal

Starmer urged to help households as energy bills rise by £149 a yearBusiness live – latest updates

The consumer champion Martin Lewis has said that the energy price cap should be called the energy “pants cap” because there are much cheaper energy deals available.

The cap is adjusted every quarter by Ofgem, the energy regulator for Great Britain, and imposes a maximum on how much suppliers can charge customers for each unit of gas and electricity. On Tuesday it increased by nearly £150 to the equivalent of £1,717 a year for an average dual-fuel household paying by direct debit.

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