Martin Lewis, an expert on saving money, was angry at the energy regulator Ofgemwhich he called “damn shame” over proposed changes to its price limit, which he said would give consumers a worse deal, protecting suppliers ’profits.

Mr Lewis tweeted to apologize to Ofgem staff for “losing a rag” during the call to discuss a planned restructuring of the price cap rules.

Under the new rules being developed by the regulator, bills can rise and fall four times a year instead of twice as much as now. But Mr Lewis told Ofgem that he was selling to consumers “down the river”.

He tweeted, “I lost it when I got a briefing on today’s proposals, when it feels like at every turn, in these desperate times when life is at stake, he ignored all consumer requests and instead bowed to the industry (I hope that history proves me wrong) ”.

Mr Lewis said he feared “severe consequences for consumers”, arguing that “we need to do more to do better than they do”.

He came as a government minister On Monday, Reich McLean sparked anger believing that people suffering from the cost of living crisis in Britain need to work more hours or get a better job. Last week, Conservative MP Lee Anderson suggested poor people use food cans because they don’t know how to cook and don’t know how to cook.

The energy price cap jumped 54 percent in April, raising the average household bill to £ 1971, and a further sharp rise is expected in October. Energy prices have been a major factor in inflation, which is projected to rise to 10 percent this winter, increasing pressure on family budgets.

On Monday, Ofgem published proposals to revise the limit every three months. However, the first period of price caps under the new regime will be calculated taking into account wholesale gas and electricity prices over the past six months, which were record high.

Ofgem said more frequent changes will reflect state-of-the-art energy prices, which means customers will see a benefit sooner if prices fall.

Mr Lewis also warned that the so-called “market stabilization charge” would strengthen the power of a small group of energy suppliers.

He added: “I ended the conversation by asking to at least consider lowering standard tariffs, which huge rates prevent people from really saving by reducing energy consumption.”

https://www.independent.co.uk/news/business/martin-lewis-price-cap-ofgem-b2079893.html

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