Money-saving expert Martin Lewis has issued a warning for billpayers over likely price rises.
It comes after the government announced that the Energy Price Guarantee, which is currently capped at £2,500, will increase in April to £3,000. This means that, on average, people will spend more per unit of gas and electricity.
While it may be cheaper than the original default tariff cap, which would have peaked at £3,500 by this time of the month without the guarantee, it still means that many Brits will likely see an increase to their energy bills.
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Appearing on his ITV show Martin Lewis Money Show, the budgeting expert explained how the changes to wholesale gas prices will affect billpayers during next winter. He said: "We've had those record heat waves...in the winter in Europe which is why wholesale rates are low.
"If that continues, then these prices can come lower, if there's big cold spells and they use up some of their gas storage, then we could see this reverse. But on the current prediction, what's going to happen to your prices - in April it's going to go up 20 per cent.
"And then, if we're lucky, from July it's going to drop a bit. But on current predictions, it will still be more than now."
He later warns a member of the audience that they're "going to need to prepare" for the price rises next winter.
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