Financial guru Martin Lewis has issued urgent advice to UK households, revealing the market's cheapest energy deals as confirmation emerges that bills will increase again this January.
Energy Bills Set for January Rise
The Money Saving Expert founder has highlighted several fixed tariffs that could save consumers significant money compared to standard variable rates. This intervention comes as households face another cost-of-living blow with average bills rising by approximately £3 annually when the price cap changes.
Most British households remain on variable tariffs that fluctuate with Ofgem's Energy Price Cap, which receives quarterly adjustments. However, Martin Lewis emphasises that numerous fixed alternatives now offer better value.
Martin Lewis's Top Energy Deals
The consumer champion has specifically named these standout fixed tariffs currently available:
- Eon Next 14-month fix - averaging 11.6% below the price cap
- EDF 14-month fix - typically 10.6% cheaper than capped rates
- Outfox 12-month fix - offering approximately 10.5% savings
- Eon Next 18-month fix - around 10% less expensive
Lewis explained the advantage of fixed deals, stating: "A fixed tariff is where you lock in a rate for a set time giving you the peace of mind of price certainty and currently substantial savings over the cap too."
Current Best Buy Identified
Pointing to what he considers the standout offer, Lewis added: "New. Eon Next 14-month fix. On average 12% cheaper than current cap."
The Eon Next 14-month fix available through Martin Lewis's Cheap Energy Club comparison currently represents the market's most competitive deal, though exact savings depend on individual circumstances including location and consumption patterns.
This particular tariff isn't widely available on most comparison platforms but can be accessed directly through Eon Next or via Money Saving Expert's service, which offers additional £20 dual-fuel cashback for switchers.
With energy costs continuing to pressure household budgets, Lewis's timely intervention provides a clear pathway for consumers to secure better deals before January's price adjustments take effect.
