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Daily Record
Daily Record
Lifestyle
Linda Howard

Martin Lewis issues new energy warning to people on fixed tariffs who may now pay more for bills

Martin Lewis recently shared a handy list of need-to-knows for all households following the announcement from new Prime Minister, Liz Truss, that energy bills for the average user will be frozen at no more than £2,500 for the next two years.

The Prime Minister’s plan will save the average household around £1,000 from October and protect billpayers from further expected rises over the coming months. For businesses and other non-domestic users such as schools and hospitals, which have not been covered by the existing price cap, a six-month scheme will offer equivalent support.

However, the founder of MoneySavingExpert.com has now posted an "important" update warning people that some of the information around fixed tariffs may be changing which could “impact choices people are making right now”. The consumer champion had previously indicated that those on a fixed tariff could either stay on them, or leave and switch to the new state subsidised tariffs with no exit penalties, but he has now said this will be down to the energy firm.

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