Last mentioned: 11h ago
New Cap Implementation
New, potentially higher energy rates take effect for millions of UK households.
The Crunch Point
Ofgem expected to announce the Price Cap for July-September, likely reflecting recent wholesale spikes.
Price Cap Reduction
Regulated energy bills drop by 6.7%; existing fixes cut by up to 9%.
Price Cap Implementation
The new Ofgem regulatory price cap officially takes effect for all variable tariffs.
National Meter Reading Day
Consumers urged to submit readings to lock in prices before the cap change.
Switching Deadline
Recommended final date to apply for new fixed-rate deals to ensure processing before April 1.
Lewis Advisory Issued
Martin Lewis issues national warning for households to review energy tariffs.
Miliband-Lewis Briefing
Energy Secretary Ed Miliband calls Martin Lewis to discuss wholesale price volatility.
Consumer advocate Martin Lewis has issued a critical directive for UK households to review energy contracts before the April 1 price cap adjustment. The warning comes as shifting wholesale costs and regulatory updates threaten to increase household utility expenditures.
Personal finance expert Martin Lewis has issued a stark warning that UK energy bills represent a 'ticking time bomb' due to rising wholesale costs linked to conflict in Iran. While prices are set to fall in April, a significant 'crunch time' is expected in May when the next regulatory price cap is announced.