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Fixed energy tariffs may rise yet offer savings, Martin Lewis notes

Fixed energy tariffs may rise yet offer savings, Martin Lewis notes
Fixed energy tariffs may still offer value

Martin Lewis, founder and finance commentator at MoneySavingExpert, explains that the cost of a fixed rate energy tariff can increase but stresses this does not necessarily mean fixing is a bad choice.

He advises that those on the Price Cap, except prepayment customers, could secure a cheaper fixed rate by comparing current offers and potentially pay less immediately.

Lewis previously warned that the energy price cap could rise by 18% in January as wholesale rates hit a three-year high in the UK, according to a recent analysis (full story). He has also reported that 400,000 people in England face suicide risk each year due to financial problems, citing concerns over the impact of rising costs (more details). These developments come as households continue to navigate volatile energy pricing.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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