Martin Lewis also said forecasts beyond next October are likely just ‘crystal ball gazing.’
The nation’s favourite money guru has forecasted how energy price caps are likely to play out over the next twelve months., of Money Saving Expert fame, took to X, formerly Twitter, to advise cost-savvy consumers on how best to plan around energy expenditures for the coming year.
In January, the level is anticipated to rise by 3.8%, meaning £96.50 for every £100, before going down again in April by 4.2% to £92.50. Lewis warned against forecasting beyond the next twelve months, saying: ‘The further out you go the more it is crystal ball gazing.’ The Money Saving Expert has also recently advised people on how to save money on their car insurance premiums as well as working out whether they’ve been the target of a scam phone call He said: ‘Take a few minutes to check if you’re overpaying. If you are, even if you’re not near renewal, you may be able to lock in a price to forestall future increases for a year.’
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