Martin Lewis has apologised as his advice about non-smart prepayment meters looks to be void after energy companies backtracked on their earlier confirmation.
The Money Saving Expert had earlier this year told worried energy customers if they topped up a non-smart prepayment meter before the April 1 price cap rise you would be charged the rate on the day you top up until you top up again. Martin said Money Saving Expert received written confirmation of the prepayment meter rates from all major firms except Scottish Power.
But Martin has now apologised through his Money Saving Expert website because he fears the tip won't work following the backtrack by energy companies and regulator OFGEM. He reiterated his concerns when speaking as a witness to the Business, Energy and Industrial Committee about his fears surrounding rising energy prices.
