Personal finance guru Martin Lewis has warned that despite record-high energy prices being forecast to fall in the months ahead, households won’t feel “any real benefit”.
In less than two years, the price cap set by regulator Ofgem has rocketed from £1,162 a year for a typical household in August 2021 to its current level of £3,280, having briefly reached £4,279, with the pandemic and Russia’s war in Ukraine having both served to push up wholesale prices.
Customers have been partly shielded from the most recent rise by the government’s Energy Price Guarantee – which limits annual energy costs to
