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Martin Lewis: Energy price cap to rise by 51% on 1 April – should you fix now?

I've been calling for Government intervention to prevent an energy bill crisis before 1 April, when the price cap – which most bills are now based on – is predicted to rise 51%, adding typically £600/year to bills, a nightmare that'll throw millions into fuel poverty. Unsurprisingly, with this prediction many are asking me if they should now move off the price cap to fix?

After number-crunching, for most, it's still a 'no', but for the first time in many months fixing may be worth it for a few. Below I take you through it, or you can watch my five-minute video explanation.

Martin's five-minute video explainer (courtesy of ITV)

Embedded YouTube Video

The clip above has been taken from The Martin Lewis Money Show on Thursday 6 January 2022, with the permission of ITV Studios. All rights reserved. You can turn on subtitles by selecting the keyboard image at the bottom right of the video. You can also watch the full episode on the ITV Hub.

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