Last mentioned: Mar 9, 2026
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%.
Miliband-Lewis Briefing
Energy Secretary Ed Miliband calls Martin Lewis to discuss wholesale price volatility.
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.