Martin Lewis warns EDF and EON customers and urges them to 'consider'

James Rodger

23 August 2024 at 10:20 am·2-min read

Martin Lewis' Money Saving Expert has urged EDF and EON customers to "undercut" the upcoming energy price cap. The MSE website has shared a guide for BBC and ITV star's Mr Lewis to follow ahead of the October 1 price cap change.

MSE said: "Based on current Price Cap predictions, we think fixing is worth considering if a fixed deal is priced 11% more than the current July Price Cap, especially if you value certainty over what you'll pay. You can use our Cheap Energy Club to get a bespoke comparison, but here are the top deals."

"You can to undercut the Price Cap with E.on Next's Pledge tariff or EDF's Ensure. Both promise to remain roughly 3% below the Price Cap for a year (so £50 a year at typical use), so when the Cap rises 10% on 1 October, so too will this tariff. If you're going to remain on the Price Cap, it's worth considering these."

The Conservatives have accused the Government of chasing its net zero goals at the expense of cheaper bills. Claire Coutinho MP, Shadow Energy Security and Net Zero Secretary, said: “Instead of prioritising cheap energy, the new Labour Government are pursuing Ed Miliband’s reckless net zero targets with no thoughts to the costs.

“And far from their promise of saving families £300 off their energy bills, one of their first acts in office is to remove the Winter Fuel Payment from 10 million pensioners this winter. Because they weren’t honest about their plans that means millions of pensioners will have made no plans to deal with higher energy bills this winter.”

From October, the number of households trapped in fuel poverty will rise to six million as the government scales back support for pensioners just as prices rise, according to National Energy Action. Chief executive Adam Scorer said: “Struggling households are in the third year of an energy crisis. Even before the crisis, our clients had no slack in their budgets. Three years on, they are mired in record levels of energy debt and severely rationing their energy.

“The gap in support for vulnerable households who are not on means-tested benefits has grown. They cannot go into another winter with even less support than last.”

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