'It's currently predicted once rates go up, they won't come down.'
Martin has offered handy advice for customers Martin Lewis has shared his expert advice following the latest hike in the energy price cap, which was confirmed earlier today . Households are now bracing for an average increase of £149 on their annual bills starting from October. Ofgem has confirmed that the price cap for a typical household paying by direct debit could jump to £1,717 from October, up £149 from the current cap of £1,568.
Martin urged against people rushing into just any fix. For those considering a fixed deal, Martin said consumers should consider personal usage and location. He also suggested certain providers that could help ease the price hike. ‘Deals like E.on Next’s Pledge, or EDF Ensure are effectively discounted trackers, where they move with the price cap, but the unit rates or standing charges are guaranteed to be lower,’ he wrote.
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