Martin Lewis has issued an important update for millions of people who have fixed their energy bills. The Money Saving Expert issued his latest advice after new prime minister Liz Truss revealed a major plan last week aimed at tackling soaring energy bills.
The proposals, worth up to a £150bn, will see the typical household energy bill capped at £2,500 for a two-year period and will be paid for through borrowing. They will also include a scheme offering "equivalent support" to businesses and a controversial end to fracking. You read everything you need to know about the Prime Minister's energy plan here.
In the wake of the announcement Martin Lewis originally suggested customers on a fixed rate energy bill should consider looking for a new fixed tariff energy deal before October. At the time he explained that no fixed tariffs are meaningfully cheaper than current deals, but they will be if the predicted October hikes in price go ahead.
