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Liverpool Echo
Liverpool Echo
World
Gemma Jones

Martin Lewis urges action as energy bills set to increase by 50%

Money saving expert Martin Lewis has urged the government to step in to prevent exceptionally high prices in the energy industry from April.

Unless the government take action, millions are expected to be hit with what insiders predict will be a rise of over £700 in the price of gas and electricity - rising by at least 50%.

Martin Lewis has been piling on the pressure to the ministers to try and help to prevent people from facing catastrophic bills.

READ MORE: Money Saving Expert issues urgent warning for British Gas customers

The money saving master said: "The energy price crisis needs substantial intervention from the Government.

"We are going to see a minimum 50% increase in energy prices in the system and that is unsustainable for many.

"We need to look at what we can do now and how we can protect those people who will need to choose between heating and eating. There are already some who are having to make that choice."

Mr Lewis said the rise in bills in April is set to be “astronomical”.

He said: "The Government has been meeting the energy industry but they’ve not been meeting the consumer groups.

"They have to sort this now because if we leave this before it’s too late it will be a disaster."

Business Secretary Kwasi Kwarteng is due to resume talks with energy bosses tomorrow.

An announcement on the energy price cap, which controls how much suppliers can charge the 15 million households on standard tariff and prepayment meters, is due to be made on February 7.

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