Switch Energy Deals Now, Says Martin Lewis

0:00On March 3rd, money expert Martin Lewis is urging UK households to switch energy deals right away amid rising tensions between Israel, the US, and Iran. He points out that the conflict is driving of wholesale gas prices, which heavily influence electricity costs here. If this continues, the energy price cap could jump, starting in July. Some affordable fixed-rate deals are still on the table, offering rates about 14% below the current cap. Having won in now, not only cuts your bills, but also protects against any future hikes. Households on standard variable tariffs face the biggest hit from these changes, with many already feeling the pinch from higher wholesale costs. Lewis stresses this move, brings real peace of mind during uncertain times. Come April 1st, fixed rates will drop further for everyone, thanks to government tweaks shifting some policy costs to general taxes. Some means a 7- to 9% reduction on typical usage, even if you fixed today.

1:02Probiders are already reviewing their offers, so these low rates might vanish soon. Shop around a full-market comparison to secure the best deal before it's too late. It's too late. It's too late. It's too late. It's too late. It's too late. It's too late.