'Easy way to 'pay less' for energy'

'Easy way to 'pay less' for energy'

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. X, formerly known as Twitter, asked Lewis in a video he shared with followers: s an easy way many of you can pay less for the energy that you use over the next year. Lewis said he is interested in it is it gives you a discount on the price cap. It is a big decision for people at the moment whether they want to get a fixed tariff or not.

What will happen to the price cap, he said. Lewis added: In one year, E.on's Next Pledge Tracker offers a fixed discount of roughly three percent off the price cap. It's going to be around three percent cheaper, he said.

The price cap, which enables a supplier to limit the rate a supplier can charge for its default tariffs, is due to drop by seven percent on October 1. It's then predicted to rise by around six percent on January 1 before falling again on April 1. Re 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 you're just going to sit on it - and this suits you - then it's a no-brainer because it's cheaper than the price cap.

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