Martin Lewis says British Gas, OVO, EON, Octopus customers can 'beat' £149 charge

The BBC Sounds and ITV star spoke out on Good Morning Britain while appearing on Thursday's show, just five days out from the Ofgem price cap rising to £1717.
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Martin Lewis says there is a way to STOP this week's energy price hike. The BBC Sounds and ITV star spoke out on Good Morning Britain while appearing on Thursday's show, just five days out from the Ofgem price cap rising to £1717.

The energy price cap is increasing from October 1, with customers in the UK facing hikes. Customers of British Gas, OVO, EDF, EON, Octopus and other providers are being warned to brace themselves for an extra £144 charge from next week - equating to an additional £12 a month.

"There’s a way to STOP next week’s 10% energy Price Cap rise! I show you how in this video briefing (courtesy of @GMB ), then use the MSE cheap energy club to find the right deal for you. Feel free to share," Mr Lewis said.

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He said: "I would suggest to you, you need to do something." Speaking to Susanna Reid, he said: "Outfox The Market is the cheapest fix. Right now it is 9.4% cheaper than the October price cap on average. So on the new price cap and 0.8% cheaper than what you're paying.

"So you could drop a tiny bit now, But from next week, you're going to be paying 9.8 per cent less than the new price cap." He said: "EDF has a that basically says you can fix now at the current rate. So you just simply don't get that price, right? That's it. You just don't stop the price rise. So you're asking me, should I fix? ".

"I would say for the vast majority of people who are risk averse and don't want to see prices going up, fixing now is the safe option." A Twitter/X user said: "Wholesale prices coming down doesn't mean those savings will be passed on. Even if they did prices are still inflated from now. It's one big rip off."

A second said: "Prepayment meters customers can do very little except put all they can afford to buy cheaper onto key/card before increase." A third typed: "Before everyone takes Martin’s advice and starts switching, spare a thought for the poor energy companies who barely scraped a few billion in profits last year.

"Thank you."