💨 Abstract

Due to a rise in the wholesale price of oil and gas, Ofgem has announced a 6.4% increase in the energy price cap in April, causing household bills to increase by over £100 a year. Martin Lewis advises people to consider locking in a cheap fixed tariff to avoid this hike, with the cheapest year-long standalone fixes being about 4% less than the current cap.

Courtesy: metro.co.uk

Summarized by Einstein Beta 🤖