Martin Lewis has shared details of a green electricity tariff provided by Octopus Energy, which could be a good option for people trying to keep costs down after the £400 Energy Bills Discount Scheme ended last month. This provided over 26million households with a £66 or £67 credit on their electricity bill from October 2022 for six months.
The UK Government announced in the Spring Budget that the Energy Price Guarantee (EPG) will remain at £2,500 until the end of June. This had been due to rise to £3,000 on April 1, but a campaign led by Martin Lewis and backed by over 130 charities and organisations saw a U-turn on the decision.
However, the consumer champion is urging people to show caution if considering a fixed-tariff, as prices are expected to come down by 20 per cent this summer. The founder of MoneySavingExpert.com explained to one listener of his latest BBC Radio 5Live Podcast that Octopus Energy customers have access to a "clever" variable tariff which could save them money.
