Martin Lewis has beckoned people to look closely at the fixed rates on offer as the cost of living crisis spirals. The energy price cap will rise to £1,971 a year for the average household this Friday (April 1).
Ahead of the increase, the Money Saving Expert joined Susanna Reid on Good Morning Britain on Wednesday (30 March) for a cost of living special. There, he took calls and questions from viewers at home, who explained their concerns about the upcoming energy price hike.
One viewer questioned whether they should stay on the energy price cap or look for a fixed rate. "The cheapest fix right now on the market is £2,880, which is actually more than the prediction of the October price cap (currently at £2490+) so it isn't worth getting a fix today. It's just not worth it," Martin said.
