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Simon Meechan

Is the price cap the most I could pay for energy? Martin Lewis explains why it's not

Martin Lewis has advised consumers to switch to or stick with variable tariffs that are subject to a price cap instead of signing up to fixed-price deals.

The price cap is set to rise to £1971 a year from Friday, April 1. But that does not mean £1971 is the maximum customers will pay, as Martin explained when a Good Morning Britain viewer asked if it would be if they signed up to a variable default energy tariff.

"That is not correct," said the Money Saving Expert founder.

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