Martin Lewis shares how to beat energy bill price rise - but you must act soon. Source: ITV
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00:00The question for most people is, would I be better going on a fix?
00:03A fixed tariff is where the rate is locked in.
00:06Now, there are a number of cheap fixes out there at the moment,
00:08or cheaper fixes, I should say.
00:10Outfoxer Market is the cheapest for most people,
00:13but it depends on where you live and what you use,
00:14so go on to a whole of market comparison site.
00:16British Gas has one.
00:18And neither of those require smart meters, by the way.
00:21And E.ON has one.
00:23So they're all up there.
00:24Now, with those tariffs,
00:26the cheapest of those is 3% more than you are paying right now.
00:31OK, so to fix now, you will pay more,
00:34but 7% less than you'll be paying in October.
00:37Sure. Do you understand?
00:38Because it's going up 10%.
00:40So if you do a comparison, you will be paying more for a couple of weeks.
00:44Now, on average, if the predictions are right,
00:48that will save you 4% or 5% over the next year,
00:51and it will give you the benefit that your price...
00:53If things get worse, you're locked in for a year.
00:56Right. You're locked in the rate for a year.