Martin Lewis has issued new advice on whether to fix your energy bills this summer, with prices finally expected to drop next month. The Money Saving Expert founder explained the latest situation on his Martin Lewis Money Show, which returned this week for a pensions special.
Speaking on the ITV show, Mr Lewis said there were currently few options on the market for customers looking to lock in their energy bills at a fixed price, with no open market tariffs currently available and only existing customer deals on the table.
He said customers should therefore consider the upcoming energy price cap in July. Consultancy firm, Cornwall Insight, currently predicts that the typical energy bill will fall to £2,053 equivalent per year - about 17% less than the current £2,500 typical household bills are capped at by the government's energy price guarantee. You can get more story updates straight to your inbox by subscribing to our newsletters here.
