Martin Lewis shares a ‘magic number’ predicting when to pay your energy bills to save | Personal finance | Finance

This is a projected increase of over £600 from the current cap of £1,971, and would mean energy prices would have doubled in just one year.

The exact amount one pays depends on one’s energy consumption.

Cornwall Insight initially estimated a 50% increase in October, then was re-estimated to 29% at the end of March 2022.

Although the 32% increase is less than its initial estimated figure of 50%, it will still add significant costs to gas and electricity bills.

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