Martin Lewis warns ‘no actual cap’ on maximum energy bills you pay as price cap rises | Personal Finance | Finance
Mr Lewis explained that her words were powerful but they resonate with so so many homes. The new price cap will be 37 percent of the new state pension. This will be an even bigger proportion for those on the basic state pension and Universal Credit.
He said: “If we do not get further Government intervention on top of what was announced in May then lives will be lost this winter by too many people to think about because of these unaffordable, terrible, rise in energy bills.”
He continued: “There is no cap on the amount that you can pay, this is a cap on standing charges and unit rates.
“The £3,549 is for somebody on direct debit, the price on pre payment metres and payment in receipt of usage is higher and the cap is regional.
Related Posts
Denial of responsibility! TechnoCodex is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.
