MARTIN Lewis has revealed whether you should fix your energy bills now ahead of further price hikes this year. The money saving guru said the energy price cap is predicted to rise 32% to £2,600 in …
It used to be cheaper to switch to a fixed deal, but those are now more expensive due to high wholesale gas prices.
Most households should only consider a fixed deal if it's no more than 17% higher than the price cap rate, Martin said. He added that some people really value the price certainty offered by a fix, and in that case they could consider going up to 25% above the price cap.But you might be able to get a better deal directly from your supplier.In March, Octopus was
of tariffs below the April price cap, costing £1,950 for a household with a medium energy consumption.
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