Martin Lewis' latest verdict on whether you should fix energy bills now or not

Martin Lewis has issued his latest advice over whether it's a good idea to fix your energy bills or not ahead of a national price decrease.

Energy regulator Ofgem announced the price cap will fall from £1,690 for a typical dual fuel household to £1,568 in July. While this represents a drop of £122 annually, and is £500 less than last July, it seems to be only a short period of relief.

Current predictions forecast the price cap to rise once again later this year with experts also predicting energy prices to remain higher than previous years. Current consensus from analysts suggests the price cap will rise once again in October before reducing again next January, meaning a very tumultuous period for energy bills over the latter half of 2024.

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Speaking about fixed energy deals, Martin said in the latest episode of his ITV show The Martin Lewis Money Show Live: "So those who watched last week will know that my current estimations based on predictions - and they may well be wrong - is that if you can get a fixed rate cheaper than the new July price cap it's probably a pretty good bet if you want price certainty."

One viewer expressed their ordeal of missing out on an SO Energy deal for those registered with Uswitch. Speaking of the deal, Martin said: "The key to that is that it allowed people who weren't SO energy customers to switch as long as they got an email from Uswitch. Well, you're right it has gone but they've actually reopened it again so it's now back on.

"You have to get the email to get it, you just can't go. But some people who sign up to Uswitch or Confused, which is linked to it right now, may just get one of those emails but no guarantees on it, I doubt it will be around too long."