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Liverpool Echo
Liverpool Echo
Business
Kate Lally

Martin Lewis fan slashes her energy bills by £1,300

A Martin Lewis fan has praised the Money Saving Expert founder after she cut her energy bills by more than a third.

It comes after the finance guru made a request to energy suppliers after Prime Minister Liz Truss announced the Government would guarantee the average household will pay no more than £2,500 in energy bills.

After receiving messages from some on fixed tariffs, who were worried they would lose out, Mr Lewis asked a number of big energy firms to make it so customers who end up on fixes at a higher rate than the price guarantee would be allowed to move to the firm's price guarantee tariff.

READ MORE: Martin Lewis warns 'don't buy that house' as mortgages could rise by £5k a year

British Gas, Ovo (SSE), Octopus, EDF, E.on and Shell all agreed to this, with customers able to do so until at least November 15. Now one woman, named Mavis, wrote in to MSE to share her financial success.

She said: "We locked in to a two-year fix at the end of August, which would have cost £3,600 a year. After your talks with suppliers, we waited to see what would happen.

"We've now been told we will be transferred to the price-capped tariff without any penalty. New annual cost: £2,300. Thank you."

You can read more of Martin's advice regarding fixed energy tariffs here

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