The consumer finance expert has shared his advice in the Money Saving Expert newsletter.
Martin Lewis and the Money Saving Expert team have issued a warning to "existing" Octopus Energy customers following the new Ofgem price cap announcement set for October 1. The consumer finance guru, known for his tips on BBC Sounds and ITV, dispensed his advice in the Money Saving Expert newsletter.
They also pointed out an alternative for those who can be flexible with their energy use: "Alternatively, Octopus' electricity-only Agile tariff has rates that change half-hourly, based on wholesale prices good for those who can shift their electricity use out of peak hours." "Alternatively, deals like E.on Next's Pledge, or EDF Ensure are effectively discounted trackers, where they move with the Price Cap, but the unit rates or standing charges are guaranteed to be lower. And for more sophisticated energy users, the Octopus Agile and Tracker tariffs, where prices move rapidly, can be far cheaper.", reports Lancs Live.
Former pensions minister Baroness Altmann has called on the government to "urgently announce a delay" in its plans to introduce means-testing for older people's energy support payments. Highlighted by Birmingham Live, she gave a stark warning that the Department for Work and Pensions is set to face difficulties with an influx of Pension Credit applications.
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