Home energy

Energy regulator Ofgem has announced today that it will be reviewing whether to update the energy price cap more frequently in future as a result of the "unprecedented rise in wholesale market prices and volatility". This follows its decision yesterday to increase the price cap by 54% – adding a typical £700 a year to the bills of 22 million households from April.

Martin Lewis explains how a new £200 energy bill loan offered by the Government really works in his latest video. The initiative was announced this week in a bid to help households with the rising cost of living, following confirmation that typical energy bills will rise by £693 a year from 1 April. But there's lots of confusion about the loan, which MoneySavingExpert.com founder Martin debunks below.  

Martin Lewis looks at the big question of whether households should do nothing and stay on the energy price cap or fix their tariff on the back of the unprecedented announcement that the cap will shoot up by 54% in April. Watch the latest clip from The Martin Lewis Money Show Live for the MoneySavingExpert.com founder's view on what to do below (and for an explainer on the new £200 'energy bills rebate', see Martin's two-minute new energy loan video).

In a new video, MoneySavingExpert.com founder Martin Lewis analyses the extortionate new energy price cap and the introduction of a new financial support package offering an energy rebate and council tax discounts to try to ease the problems caused by a spike in the cost of living. Martin also explains what the latest increase to base rates means for households. Watch the video below.

Were households right to follow MoneySavingExpert.com founder Martin Lewis's "do nothing" energy mantra and stick with the price cap since October 2021? Martin answers this question in his new video on the energy crisis below, as well as explaining what might be next for energy bills. 

Universal Credit claimants and those in receipt of certain means-tested benefits will get £200 towards their energy bills, the Northern Ireland Executive has announced. It comes as part of a new £55 million support package designed to help around 280,000 people with the cost of living. 

Hundreds of thousands of households could soon see their gas and electricity bills rise by up to 300% because they aren't protected by the energy watchdog's price cap, according to consultancy firm Ginger Energy, which has called on the regulator to act.

I've been calling for Government intervention to prevent an energy bill crisis before 1 April, when the price cap – which most bills are now based on – is predicted to rise 51%, adding typically £600/year to bills, a nightmare that'll throw millions into fuel poverty. Unsurprisingly, with this prediction many are asking me if they should now move off the price cap to fix?

From the reintroduction of costly European roaming charges to new rules around car and home insurance - here's a quick breakdown of five key events and changes that are set to impact your finances in early 2022 and, more importantly, what to do about them.

Many people whose old energy firm has gone bust are having direct debit payments taken by both their new and old firm. This shouldn't happen and is leaving many short of cash – so why is this happening and what can you do?