Money saving expert Martin Lewis is urging customers of major energy suppliers to take action
Money saving expert Martin Lewis is 'strongly' advising customers of major energy suppliers to get a 'cheap fix' now to slash £152 off energy bills for the next year.
However, the issue is that energy bills are expected to rise again from September 1 and again in January, so the best course of action right now is 'probably' to fix your energy, reports the Express.After years of price rises and energy bills hitting the price cap, it's the first time cheaper energy fixes have been a viable option.
"October it's predicted to rise just below 4 per cent. January by one per cent. We might see the last drop coming at July for now and increases afterwards. Still, to be fair, when you go down 7 per cent and add 4 per cent on top you're still less than where you are right now." Martin continued, saying: "So stay on the price cap and you pay 3 percent less right now but go on the cheapest fix on the market, if you're on direct debit, is 9 percent cheaper."
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