Martin Lewis issues ‘total no-brainer’ advice for billpayers on energy price cap rise

Martin Lewis issues 'total no-brainer' advice for billpayers on energy price cap riseGood Morning Britain, ITV

Transcript

00:00So we're here, we're expecting prices to go up slightly in January, go up again in April,

00:06come down a little bit in July, and down a little bit in October, but to still be higher

00:11than we are now.

00:12So you can choose to be on that variable thing where it's all high, or you can fix at 5%

00:17less than you're currently paying with an absolute guarantee that for the next year

00:22the rate will not go up.

00:24Now for me, the huge probability is that will both save you money and give you peace of

00:31mind.

00:32So I would strongly suggest to people you go onto a comparison site and you find your

00:37cheapest fix, because who your cheapest is depends on where you live and how you use.

00:41I would also suggest the comparison site you pick is one that is whole of market by default.

00:46The vast majority of comparison sites, most of the big names, they hide tariffs that pay

00:51them.

00:52So go on one that is whole of market by default, and that way you know you will see all the

00:56tariffs that are available to you and not have hidden some of the cheapest, which because

01:01they're not paying the comparison site.

01:03But yes, should you fix, yes, total no-brainer right now.

01:07There is a very slight chance if we had this massive economic decline worldwide that energy

01:12prices might come down in an unexpected way.

01:15But it's such a slim chance, it's a no-brainer.