The latest energy price cap comes into effect on July 1.
Good Morning Britain’s Louisa Jameson deleivered some bad news about energy prices (Image: ITV)
Good Morning Britain‘s Political Correspondent, Louisa Jameson gave an update on energy prices on the ITV morning show as viewers were issued a warning. Speaking to Ranvir Singh and Ed Balls in the studio, she explained: “With the cost of living the chancellor has previously suggested that there might be more help to come in the autumn, but recent events mean she’s unlikely to still be in that job come the autumn.
“So attention is turning to Andy Burnham, who is expected to take over in under three weeks’ time. The Conservatives and the Greens, in particular, are going on here to set out their plans to lower energy bills…We’ve got a bit of a hint from him as well in a speech on Monday that something might be coming. He talks about people not wanting to wait forever for change, saying I will seek to give Britain some breathing space as soon as I can,” she said.
She continued: “That might be difficult, though, because we know that the country’s finances are tight to say the least.
“We also found out yesterday that Keir Starmer‘s parting gift is to leave a £5 billion black hole in defence spending plans, which the new Prime Minister is going to have to fill in his first budget.”
With uncertainty around energy prices, Finance Journalist Holly Mead offered some advice to viewers.
“Energy bills now are about 79% higher than they were in the winter of 2020 before the energy crisis first began,” she pointed out.
Finance journalist Holly Mead offered advice on energy bills on Good Morning Britain (Image: ITV)
“Make sure your radiators are bled. When the heatwave is over, turn the thermostat down by one degree. Turn those devices off on standby. Unplug things at the wall.
“These really little simple steps do start to add up and make a difference to your overall bill,” she advised.
The July 1-September 30 price cap, which is the maximum amount your supplier can charge for a unit of energy and standing charge together, will be £1,862 per year.
That is a 13 per cent rise in the previous price cap of £1,641, with the US-Israeli strikes on Iran and subsequent closure of the Strait of Hormuz, plus strikes on various Gulf states, thought to be behind the rise.
