Martin Lewis says ‘make change’ for ‘cheaper’ energy bills before April 1
Money expert Martin Lewis advises households to switch to fixed energy tariffs before the upcoming April price cap change to secure lower bills.
In a recent appearance on 'This Morning', financial expert Martin Lewis urged households to act promptly before the April 1 price cap change to save on energy bills. He highlighted the importance of switching to a fixed tariff as a way to potentially lock in lower prices and protect consumers from future increases. With energy prices fluctuating, securing a fixed deal now could be advantageous for those concerned about rising costs.
Lewis noted that while only a limited number of fixed deals currently offer savings compared to the price cap, some households may find deals around 7% cheaper than the cap, although prices have been declining over the past few weeks. He emphasized the need for consumers to be proactive in their search for deals, as not all competitive rates are listed on comparison websites, which may lead to missed opportunities for savings.
The advice comes at a critical time, as many households are facing rising energy costs and uncertainty about future price hikes. By making informed decisions to switch tariffs, individuals can take steps toward financial stability and mitigate the impact of increasing energy prices on their budgets. Lewis's guidance is especially relevant as consumers navigate a complex energy market, stressing the need for awareness and action before the impending changes in April.