Money Saving Expert has issued important advice to customers who have been hit by huge energy price hikes.
The money-saving brand, headed by Money Saving Expert Martin Lewis, has sent an email to followers to advise on a new way to beat the October energy price increase. However, it also warned things could get worse for everybody because the 'UK energy market is broken'.
It says now may be the time to act and switch your energy tariff to a fixed rate because the latest predictions show prices will rise as much as 46% in October to an eye-watering £2,880 based on somebody's typical use. It says many of the major energy companies are now offering fixed rate tariffs for existing customers that could help to beat the price rise by a small amount, as long as the fixed rate is less than a 46% rise in your current bills.
