Martin Lewis Britain experts EON Bill Martin Lewis Britain

Money Saving Expert issues urgent energy switching tip for beating October price hike

Reading now: 222
manchestereveningnews.co.uk

Money Saving Expert has issued important advice to customers who have been hit by huge energy price hikes. The money-saving brand, headed by Money Saving Expert Martin Lewis, has sent an email to followers to advise on a new way to beat the October energy price increase.

However, it also warned things could get worse for everybody because the 'UK energy market is broken'. It says now may be the time to act and switch your energy tariff to a fixed rate because the latest predictions show prices will rise as much as 46% in October to an eye-watering £2,880 based on somebody's typical use.

It says many of the major energy companies are now offering fixed rate tariffs for existing customers that could help to beat the price rise by a small amount, as long as the fixed rate is less than a 46% rise in your current bills.

While none of the tariffs offering by energy companies are cheaper than the current price cap introduced in April there are some that may increase bills now but still keep them below the October price cap, giving customers some relief in the winter months.

Read more on manchestereveningnews.co.uk
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA