MoneySavingExpert News

Energy switching

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/yr 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?

11 January 2022

Energy firms wrongly force home movers on to fixes - we report them to the regulator

Firms including Octopus and Scottish Power have forced some home movers - both those renting and buying - on fixes that can be up to double the price cap.

4 January 2022

Martin Lewis: Energy price cap now due to rise by a 'horrid' 40%+ in April

Martin Lewis warned households to "do nothing" with their energy supply and not to switch in the tenth episode of The Martin Lewis Money Show.

3 December 2021

Orbit Energy and Entice Energy cease trading – here's what it means for your gas and electricity

If you're affected, your supply will continue and credit balances are protected. While it's likely you'll pay more now, there are no savings to be had by switching.

25 November 2021

Bulb collapses into 'special administration' – what it means for your gas and electricity

Under the special administration there is no change to your supply and any credit balances will be protected. If you're on prepay, you can also continue to top up as normal, while if you're in the process of switching to or from Bulb, this will also proceed as planned.

25 November 2021

Neon Reef and Social Energy Supply cease trading – here's what it means for your energy

Neon Reef and Social Energy Supply, which have over 35,000 household customers between them, have become the latest energy providers to cease trading – meaning 19 domestic energy suppliers have gone bust since September.

22 November 2021

Government stops sending misleading 'save £290 switching energy' notices, after MSE intervenes

The Department for Work and Pensions (DWP) has scrapped envelopes which wrongly advised 10 million people, many of them vulnerable, to switch energy tariff after MSE intervened.

16 November 2021

Government WRONGLY tells 10 million people to switch energy tariff – many of them vulnerable

In an embarrassing move from the DWP, 10 million people will receive a letter with information encouraging them to switch to a cheaper energy tariff, despite energy prices at a record high and firms going bust left, right and centre.

10 November 2021

Ofgem orders Utility Warehouse to pay £1.5m for failing customers in debt - here's what to do if you are struggling to pay your bills

Energy regulator Ofgem has told Utility Warehouse to pay £1.5m after it failed to support customers who were struggling to pay their bills. This then led some of these customers to find themselves in financially worse situations.

10 November 2021

Martin Lewis: Avoid pressure to switch to a new fixed energy deal once your current one ends

MoneySavingExpert.com founder Martin Lewis has reaffirmed his message to consumers to sit tight and avoid switching to a new fixed-price energy deal.

26 October 2021