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Martin Lewis Warns Households Not to Make Costly Energy Mistake as Prices Rise Again
Lewis said the cheapest fixes are about 8% below the current cap and may save households money before winter, though future rates remain uncertain.
- Martin Lewis urges households on the Cap to consider Fixed deals now, warning that waiting could leave them paying more during expensive winter months.
- Fixed deals are now more expensive, Lewis notes, having been 15% cheaper before Middle East conflict tensions began earlier this year.
- Analysis by The Money Saving Expert shows cheapest Fixed deals are around 8% below the current Cap and roughly 11% below the Cap due in The October.
- Households nearing the end of a Fixed deal face no early exit penalty during the final 50 days, allowing them to compare deals without termination charges.
- The Government is scrapping VAT on electricity for six months from The October, providing a 4.8% reduction, while The January Cap is predicted to rise more than 10%.
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27 Articles
Coverage Details
Total News Sources27
Leaning Left1Leaning Right1Center25Last UpdatedBias Distribution92% Center
Bias Distribution
- 92% of the sources are Center
92% Center
C 92%
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