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National
Simon Meechan

Martin Lewis advises on whether to switch to fixed-price energy tariff when price cap rises

Martin Lewis advised consumers not to switch to fixed energy deals right now.

The Money Saving Expert founder hosts a cost of living special on Good Morning Britain today. Viewers have been sending questions to the finance guru ahead of price and bill rises kicking in on April 1.

One viewer asked if now is the time to switch from a variable default tariff to a fixed price energy deal, with gas prices high and the price cap set to jump from Friday. Martin advised viewers to stick to the price cap instead of finding a fixed deal for now. Variable default tariffs are subject to the price cap, which sets a maximum amount for 'typical use'.

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