Martin lewis issues energy bills update and says 'far cheaper'

THE LATEST ENERGY PRICE CAP WILL BE ANNOUNCED ON FRIDAY 08:21, 21 May 2025 Martin Lewis has issued new energy bills advice to households ahead of the latest price cap announcement. The

regulator Ofgem will reveal the new Energy Price Cap for July on Friday, which sets typical bills over a three-month period. Money expert Martin said the best option is likely choosing a

fixed tariff now, as they are likely to remain cheaper than the new cap rate. READ MORE: NEW COST OF LIVING PAYMENTS ANNOUNCED FOR SIX MILLION HOUSEHOLDS GET OUR BEST MONEY SAVING TIPS AND

HACKS BY SIGNING UP TO OUR NEWSLETTER There will be some welcome news for households, with the cap expected to drop by 6-8%. Article continues below However, there are fixed tariffs

available 18% lower than the current cap. Martin advised households to look around for the best tariffs. He said in a new update: "Friday is Energy Price Cap announcement day - a 6% to

8% cut is predicted. Yet fixes are already 18% cheaper. "The assessment period for Ofgem's July to Sept Price Cap is now over. JOIN OUR FREE MONEY SAVING WHATSAPP COMMUNITY FOR THE

LATEST UPDATES "Analysts are predicting falls of 6% to 8% for that period, then not that much movement for the rest of the year. Article continues below "Yet right now you can

currently fix for a year and cut costs compared to the current cap by up to 18%, which looks like being a far cheaper route (and gives peace of mind). "Use our Cheap Energy Club

comparison to find your cheapest (as it depends on region and usage). "PS: Don't think 'I'll wait till July to fix' - the Price Cap move has no impact on the price

fixes are set at, they could rise or fall by July."