Martin lewis' mse tells households 'do it now to save £111'

Martin lewis' mse tells households 'do it now to save £111'


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ENERGY CUSTOMERS ARE BEING URGED TO ACT FAST TO AVOID PRICE INCREASES 15:23, 12 Mar 2025 Households are being warned they are running out of time to avoid energy cost increases and save on


their monthly bills. Energy bills are going up again from April, leaving the typical customer paying £111 a year more. But Martin Lewis' Money Saving Expert (MSE) says there is still a


way households can avoid the hikes - but they need to act fast. READ MORE: NATIONWIDE CONTACTS MILLIONS OF CUSTOMERS AND SAYS 'WE ARE SENDING YOU £50' GET OUR BEST MONEY SAVING


TIPS AND HACKS BY SIGNING UP TO OUR NEWSLETTER A number of fixed tariff deals which will keep charges below the new Price Cap rate from April are still available from energy companies.


Article continues below And MSE has pointed to one deal in particular which could be best as it comes with no exit fees, providing peace of mind customers can easily get out of it should


typical charges fall later this year. The deal is on offer from energy supplier EDF and will allow households to escape the April price rises. MSE said: "Energy Price Cap to rise 6.4%


in April, but what next? The no-risk fix. "The Energy Price Cap, which two-thirds of homes in England, Scotland and Wales are on, moves every three months - and we know it'll rise


6.4% in April. "As the current cheapest fixes are 7% below today's Price Cap, they're massively cheaper than April's price, so use our cheapest fixes comparison to find


your cheapest and ditch the Price Cap. What happens for the July Cap and beyond? Article continues below "Analysts' forecasts have dropped this week, and there's now a chance


the price will drop in July. So there's a good halfway house. "The no-risk fix: You're always free to ditch a fix, though you sometimes need to pay early exit fees of £25 to


£75 per fuel. "Yet this cheap EDF NO EXIT FEE 'Simply Fixed Direct' tariff is 4.3% below the current Cap (10% below April's), and if prices do fall, you can leave


penalty-free whenever."