![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/martin-lewis-explains-good-and-bad-news-about-rising-energy-bills-next-year/&media=https://uknews.evprotec.com/wp-content/uploads/2022/11/2_The-Martin-Lewis-Money-Show-Live-TV-Show-Season-12-Episode-1-UK-18-Oct-2022.jpg&description=Energy prices could go up by 48% next year, meaning the average home pays £3,700 for their gas and electricity, but MSE boss Martin Lewis says consumers may still have dodged a bulletLewis said energy bills could rise 48% next year MoneySavingExpert boss Martin Lewis says energy bills could hit £3,700 a year for the average UK home - and it's both "bad and good news". Energy prices rose to an average of £2,500 a year from October 1, when the Government's Energy Price Guarantee came into force. The price freeze means the typical household will pay less for energy than the £3,549 a year that was predicted from October 1. But it still means homes are facing higher energy prices than they were, with the average household paying £529 a year extra from the start of October 2022. The Conservatives had pledged to freeze energy bills at £2,500 for average use for two years, but this is now in question past April 2022. See how much house prices could drop where you live - full list of areas It's a big price hike - but Lewis says households may have avoided an even bigger rise ( Ken McKay/ITV/REX/Shutterstock) If prices do rise in April, experts have predicted that energy bills in April 2023 will be £3,700 on average. Analysts at Cornwall Insight said this would be the likely energy price cap, meaning the average home paying for energy by direct debit on a variable tariff will pay around this figure per year. In response, Martin said the prediction was "bad and good news". He added: "It's early days but Cornwall Insight's latest prediction for the April price cap (which returns then unless the Government changes rules) is a 48% rise; taking a (meaningless but illustrative) typical bill to £3,700/yr from £2,500. "Yet its less than the 72% predicted before." What to do if you can't pay your energy bill The first thing you should do is contact your energy supplier and discuss with then different ways you can pay your bills. You can negotiate a payment plan that can work for both){kind=link}
Energy prices could go up by 48% next year, meaning the average home pays £3,700 for their gas and electricity, but MSE boss Martin Lewis says consumers may still have dodged a bullet
MoneySavingExpert boss Martin Lewis says energy bills could hit £3,700 a year for the average UK home – and it’s both “bad and good news”.
Energy prices rose to an average of £2,500 a year from October 1, when the Government’s Energy Price Guarantee came into force.
The price freeze means the typical household will pay less for energy than the £3,549 a year that was predicted from October 1.
But it still means homes are facing higher energy prices than they were, with the average household paying £529 a year extra from the start of October 2022.