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Liverpool Echo
Liverpool Echo
World
Jess Flaherty

MoneySavingExpert Martin Lewis urges public to switch energy provider 'right now'

MoneySavingExpert founder Martin Lewis has urged people to switch their energy provider during lockdown.

The finance guru spoke of cheap deals currently on offer and told people to seize the opportunity to make some savings on their energy bills.

In an appearance on This Morning, the money whizz said: "This could be one of those rare positives... switches tariffs are at their lowest prices for three years.

"This is the time to switch your energy provider."

Martin explained people need to be looking at a fixed tariff in order to secure a cheap rate for a year.

He added: "You need to be looking at a fixed tariff... they're not going to go up if you get a fixed tariff."

He stressed prices on a fixed term tariff "will last for at least one year if you do it", but usage will affect the cost of bills.

The finance expert said: "This is the moment to check and switch.

"I would urge everybody to be checking their bills and usage right now."

Speaking of offers currently available, Martin explained the average price cap for someone on typical usage is £1126 a year, but the cheapest tariff currently on the market is £766.

Martin advised customers to check comparison sites as some of the cheaper tariffs are only available via comparison websites, and many are based on your area.

Finishing his stint on the popular morning show, he said: "The sin of inaccuracy is not as big as the sin of inaction.

"Don't use any excuses for not doing it."

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