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Alex Evans

Martin Lewis issues new cheaper energy bills fix number - but only if you're eligible

Cheaper energy fixes are coming back at long last and you could save money on gas and electricity bills if you lock in the right deal.

But, Martin Lewis warned on a brand new episode of The Martin Lewis Money Show live, it only applies if you're lucky enough to be eligible for one of the new deals.

Though Martin advised that the situation could change, he advised certain hand-picked customers of British Gas, E.On and USwitch in particular that they could profit from a cheaper energy bills fix.

Read More: Martin Lewis urges 'make two phone calls' to get £26,000 back

Martin told ITV1 viewers: "Now we know bills are going to drop in July by 17%, taking someone on typical use down to £2,074. After that point from October onwards, we're into crystal ball gazing.

"The prediction is from Cornwall Insight who I use to do this... from October we think it's going to go down maybe another 7%, it's looking better than it was a few weeks ago.

"And then from January it'll probably go up about 1%.

Energy bills could drop if you get the right fix this year (Getty Images)

"So if you are gonna fix, you wouldn't want to lock in up here. Even if you could get a fix at roughly the July price or less, because you are guaranteed, it may well be worth it for price certainty.

"So my current rule of thumb: if it's the same or cheaper than the July price cap, it looks good based on current predictions which involve a bit of a crystal ball.

"The July cap is on average 17% less than you are currently paying."

Martin then advised that there's a SO Energy deal 1.3% under the July price cap for all existing SO Energy customers, but USwitch and Confused.com are doing a mailout offering people that tariff.

There's been a British Gas deal 1.4% under the July price cap, but it 'may have been pulled, Martin warned, and there's also an E.On one for 1.2% less than the July price cap, but that again, is only available to existing E.On customers coming off their current fixed tariffs.

In conclusion, at the moment it looks like whether you should fix is largely depending on who you're with and how much below the July cap they're willing to offer you, if they're offering you anything at all, because the deals appear to be very selective.

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