Martin Lewis has urged people on fixed energy deals to check their energy contract immediately after major changes at the weekend. The founder of MoneySavingExpert posted on Twitter on Tuesday, July 4, after households in the UK saw energy bills fall for the first time in two years.
The energy price cap sets how much the typical household pays for their gas and electric and fell to £2,074 on Saturday, July 1, putting it below the government's energy price cap of £2,500. It means a reduction in the typical energy bill for the first time in two years after soaring prices.
But the weekend changes means many households on fixed energy deals could see a sharp increase in their bills due to the ending of the government's energy price guarantee. To get all the latest money-saving news straight to your inbox twice a week sign up here.
