Martin Lewis, the founder of Money Saving Expert, suggests that households should consider switching from their current standard energy tariffs to fixed-rate tariffs, especially ahead of an impending price increase announced by Ofgem. This increase, which will take effect in April, is projected to raise average energy bills by over 6% or £111 per year. Lewis emphasizes that the best time to make this switch is on Tuesday afternoon to ensure families lock in lower rates before the hike.
Martin Lewis advises UK households to switch energy bills from standard rate to fixed rate, waiting until Tuesday afternoon to maximize savings.
Ofgem's announcement of a 6% energy bill increase in April means households could face average annual rises of £111.
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