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26th January 2022
04:13pm GMT
Credit: Getty - Energy prices could surge across UK households again this winter[/caption]
The current energy price cap is set at £1,277 for those on a standard variable tariff but come February 7, the average cost of running your home's central heating and electrics is set to as much as double, with some people expected to shell out £2,000 or more a year from April onwards.
As always, Lewis added the caveat that his advice is based on "lots of assumptions" around what energy prices are going to look like come April and October 2022 (the months in which the cap is annually reviewed), adding that there could be yet another 20 per cent jump by the second review.
Looking back on his earlier advice, he reiterated that the best advice for most was still to do nothing but that in some "edge cases" people who "timed it absolutely right" may have struck a better deal, citing November 3 2021 as the ideal cut-off date.
He rounded out the video by stating that energy prices are going to be the least punitive in existing customer deals and may be worth fixing if you are "risk-averse" and want "price certainty" - provided they don't go beyond the roughly 40 per cent increase mark.
However, he made it apparent that there is still far too much uncertainty to give clear cut advice that will work for everyone - and even factors such as Britain's potential intervention with Russia and Ukraine could factor into what household bills look like.
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