
About this episode
Energy bills in the UK to decrease starting April, but a sharp rise is expected in July. Government changes will scrap certain scheme charges, leading to cuts of 7-9% for all, including those on fixed deals. However, the energy price cap for July-September is predicted to surge to £1,800, up £160 from current levels due to soaring wholesale gas prices. Experts advise those on the price cap to secure fixed rates immediately to avoid the summer squeeze.
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UK News Today | 2 Min News | The Daily News Now! — UK Energy Bills: Relief & Rise. Machine-transcribed; use the interactive transcript above to jump the player to any line.
On March 5, energy bills in the UK are set for a welcome drop starting April 1, but experts warn of a sharp rise just three months later. Money-saving expert Martin Lewis highlighted that government changes will scrap certain scheme charges from everyone's bills, leading to cuts of 7. To 9% even for those on existing fixed deals. This unusual relief applies across the board, not just new tariffs, thanks to policy tweaks aimed at easing household costs right away. Players and households are reacting with a mix of short-term relief and growing anxiety over the bigger picture. The April savings offer some breathing room amid high living expenses, but the forecast jump has many scrambling for options. Looking ahead, analysts predict the energy price cap for July through September could climb to 1,801 pounds a year for. Average homes of about 160 pounds from current levels. This stems from spiking wholesale gas prices tied to tensions in the Middle East. Lewis urges those on the price cap to lock in fixed rates immediately, as the best
deals offering up to 14% savings are vanishing fast. With suppliers pulling back amid market shifts, acting now could secure stability before the summer squeeze hits.
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