Martin Lewis has urged households to act now to secure cheaper energy tariffs before the price cap rises again in April. The finance expert, writing on Money Saving Expert (MSE), warned that the cap, which increased by 10% in October and 1% in January, is predicted to rise by a further 3% to 5% in April.
Lewis advised switching to a fixed tariff to lock in lower rates. He highlighted that most homes are on price-capped tariffs, but moving to a fix can save around 7% compared to the current cap. “Act now and you save now, and can prevent future hikes,” he said.
Among the recommended deals is the E.on Next Fixed tariff, a 16-month fix with only 10,000 available. It offers an average saving of 7% (around £120 a year for typical use) and includes a £10 bill credit and £20 MSE cashback for applications via MSE. The British Gas Fixed Tariff, a 12-month fix, saves 5.2% on average and includes £20 MSE dual-fuel cashback, but has a £50 early exit fee.
Other options include EDF Simply Fixed (12 months, 4.9% saving, £25 exit fee) and Outfox Fix'd Dual (12 months, 4.5% saving, £50 exit fee). These deals are available in England, Wales, and Scotland only.
Lewis emphasised that the price cap is not a total cap but a limit on daily charges and unit costs. He urged consumers to use comparison tools to check their current tariff and switch to a fix for peace of mind against future rises.
