Energy prices in the UK are already set to go down from April 2026, and Martin Lewis has said bills should fall both for those on the Ofgem price cap and for many people on fixes – but he’s also warning that the picture is still volatile and that drops may not be huge compared with pre-crisis levels.

Quick Scoop: What Martin Lewis is saying

  • Ofgem has confirmed the Energy Price Cap will fall by around 6–7% from 1 April 2026 , meaning typical household bills should drop versus the first three months of 2026.
  • Martin Lewis has highlighted that this April cut applies not just to the price cap but also to many fixed deals, which should see rates fall too.
  • Separate forecasts he’s shared suggest a further fall of about 6.1% in the cap from April 2026 based on average predictions from major suppliers (British Gas, EDF, E.ON), helped by lower wholesale prices and recent government policy changes.

In short: bills are expected to go down in April, with a meaningful but not transformational reduction compared with what people have been paying during the peak of the crisis.

Why prices are going down (but not back to “normal”)

  • Wholesale gas and electricity prices have cooled from their extreme peaks, allowing Ofgem’s cap to come down.
  • Some policy and scheme costs are being shifted off bills , including the axing of the Energy Company Obligation (ECO) scheme from March 2026, which Martin Lewis says should knock about ÂŁ150 a year off typical bills (around 7–8% off the unit rate).
  • At the same time, he’s been warning that electricity is getting relatively more expensive, standing charges are still high, and network/policy costs are muddying the picture , so the overall “feel” of bills may not match the headline percentage fall for everyone.

What this means for you in 2026

  • From 1 April 2026, most households on the price cap should see a lower direct debit or overall annual cost , assuming usage stays the same.
  • If you’re on a fix, many fixed tariffs are expected to have their per‑unit rates cut in April as well , which Martin Lewis has described as “unprecedented”.
  • The benefit varies by:
    • Region (Ofgem’s cap is regional).
* How much gas vs electricity you use (high‑electricity, low‑gas homes can be hit harder by recent shifts).

* Your specific tariff and standing charges.

Will prices keep falling after that?

Martin Lewis’s general line on energy forecasts is that they’re “best guesses, not guarantees” , because they depend on wholesale markets, geopolitics, and government policy.

  • Current projections on his site show further modest falls or flattening , not a dramatic crash back to pre‑2020 levels, assuming no new global shock.
  • He tends to caution against trying to “time the bottom” of the market and instead focuses on:
    • Comparing any fix against current and predicted price cap levels.
    • Avoiding long, expensive fixes unless they clearly beat the likely cap path.

If you’re wondering “what should I do now?”

Martin Lewis’s usual strategy points on energy (which are still broadly in play in 2026) include:

  1. Know your numbers
    • Check your current kWh rates and standing charges, plus your annual usage, before making any decision.
  2. Compare fixes vs the future cap path
    • Use comparison tools or MSE’s calculators to see if a fix is cheaper than:
      • The confirmed April 2026 cap , and
      • The best‑guess forecasts for the months after that.
  1. Be cautious, not panicky
    • His historic advice in uncertain times is often “don’t rush to fix unless the saving is clear and decent”, because forecasts can be wrong in both directions.

Bottom line:
Energy prices, according to the latest Ofgem announcements and Martin Lewis’s commentary, are going down from April 2026, by roughly 6–7% on average, with policy changes likely trimming bills further – but no one, including him, can promise a straight line down or a return to old “cheap energy” days.

Information gathered from public forums or data available on the internet and portrayed here.