MSE News

Martin Lewis: Here's how much less you'll likely pay for energy from 1 July according to final price cap predictions

Households on direct debit energy bills are likely to pay around 18% less for gas and electricity from 1 July, according to final price cap predictions shared today by founder Martin Lewis – see his full explanation below.

It comes just days after energy regulator Ofgem confirmed that the price households pay for energy would "drop considerably" from July. For more information, see our Energy Price Cap and Energy Price Guarantee need-to-knows guides.

Martin: 'Every £100 in costs now will be £82 from 1 July'

Click on the tweet below to see the full text.

Martin also answered whether standing charges will drop

Martin also answered people's questions on what's likely to happen with standing charges – this is the daily amount you have to pay to have your home connected to the grid and gas mains (the amount also varies by region).

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