Energy bills: Martin Lewis explains what to do following the 54% price cap hike

Ofgem has now confirmed that the 22 million households presently on default tariffs and prepayment meters will see additional eye-watering will increase to their vitality payments.

From April 1, the regulator’s vitality value cap will go up from £1,277 to £1,971. It is a rise of £693 for default tariffs. In the meantime, prepayment clients will likely be even worse off, seeing their annual payments going from £1,309 to £2,017, an increase of £708.

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