Money Saving Expert shares 'easy way' to 'pay less'

Money Saving Expert shares 'easy way' to 'pay less'

Money Saving Expert founder Martin Lewis took to X to share an 'easy way' E.on customers can 'pay less' for their energy over the next year. In a YouTube video he shared with followers, Lewis asked, s an easy way many of you can pay less for the energy that you use over the next year. I am interested in that is it gives you a discount on the price cap, Lewis said. ''It's a big decision for people at the moment whether they want to get a fixed tariff or not, he said.

It will happen if the price cap is raised. For one year, the company's Next Pledge Tracker offers a fixed discount of roughly three percent off the price cap, Lewis said. It is going to be about three percent cheaper, he said.

The price cap, which is a feature that regulates the rate a supplier can charge for its default tariffs, will drop by seven percent on October 1. Its then predicted to rise by around six percent on January 1 before falling again on April 1. On this particular tariff, you will pay less than the price cap, Lewis said. re not sure what to do and you're just going to sit on the price cap - and this suits you - then it's a no-brainer because it's cheaper than the price cap.

The contract is going to be slightly less, but you will be paying slightly less. How much does three percent equal? It's around 50 pounds cheaper a year on that mythical typical usage figure, which is mostly nonsense but just to give you an idea. He said it's dual-fuel or electricity-only, and that people must pay by direct debit and must have or will need to get a smart meter. d pay £25 per fuel - so £25 per electricity, £25 per gas, early exit penalties. T for everyone, but certainly if you're sticking with E.on and you're planning to stay at the price cap or don't know what to do, this is a pretty easy way to pay less for the energy you use, the Money Saving Expert said.