Martin Lewis shares how to beat energy bill price rise - but you must act soon - video Dailymotion

Martin Lewis shares how to beat energy bill price rise - but you must act soon. Source: ITV

Transcript

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.