Martin Lewis is predicting some better news for all energy bill payers as we head further into 2023.
At the moment, the Government is limiting the typical household bill to £2,500 a year, plus a £400 winter discount. But from April 1, the help with energy bills is expected to be scaled back, with the £400 discount coming to an end.
So despite the weather turning warmer, households across the UK could see their bills rise.
READ MORE: Martin Lewis shares upset after being 'replaced' on ITV
Ofgem will cap the amount households pay on electricity and gas bills each year at £3,294 from April 1, Cornwall Insights has forecast, a drop from the previous cap of £4,279 effective from the beginning January to the end of March.
Despite this, customers will be expected to pay about 20% more on their bills from April, as things stand now.
Discussing the circumstances on his podcast, Martin Lewis told listeners: "If we postpone the rise in the energy price guarantee for three months, by that point it is very likely the price cap will be lower, so the energy price cap will be irrelevant.
"The money the government has provisioned to support energy prices, actually, it's going to be far lower, so there'll be room to do this. Remember that in April too we see the end of the £66 a month support, so [putting people's energy bills up] would be an act of national mental health harm
"Not increasing prices will also help inflation."
Mr Lewis went on to say that he has been "reading the rooms" in recent weeks, before making a prediction. He continued: "I'm phrasing quite carefully what I say but I am now hopeful the energy price guarantee will not rise on April 1. I'm hopeful the government will cancel that rise, I do not know it will but I am more hopeful than I was after some room reading.
"I think there is a better than 50% chance it will cancel that rise which means that energy prices will stay flat now until July. And then in July, if the price cap goes where it is predicted, we'll see energy prices then drop by about 10%".
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