PUBLISHED: 21:41, Mon, Dec 2, 2019 | UPDATED: 22:07, Mon, Dec 2, 2019
Martin Lewis appeared on ITV’s The Martin Lewis Money Show this evening. On the programme, the Money Saving Expert discussed how Britons can benefit from a “ditch and switch” approach when it comes to energy bills. Martin revealed that many would benefit from switching and could save hundreds by doing a simple price comparison online.
“If you haven’t switched in the last year you’re likely paying too much,” says Martin Lewis.
Martin said: “This is the moment for your annual energy bills check up as the cheapest deals have returned to around 2017 prices.”
What many Britons don’t realise is that if they don’t put in the effort to do the research or a switch, they could find themselves on the standard tariff provided by the big six energy companies ( SSE, EDF, British Gas, Npower, E.ON, Scottish Power) meaning that they could be forking out a lot more on energy bills than necessary.
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Martin Lewis: Money Saving Expert urges Britons to switch providers and 'save £400' (Image: ITV)
Martin Lewis: Ditch and switch to ‘save up to £400’ on energy (Image: ITV)
According to Martin, at the moment, several of the Big Six energy companies are offering cheaper tariffs than the standard tariffs available.
However, many can now save hundreds on their energy bills without having to move firms - how?
Martin revealed that viewers can now do a comparison check and switch to their own energy provider if they’re offering a better rate.
“All those who have not switched gas and electricity in the last year, you are very likely to be paying too much,” he explained during the TV show.
He explained there are a number of different reasons for seeing a higher bill.
“The first is you will be on a standard tariff if you’re with a Big Six company on the price cap.
“Now the price cap comes in and gives you a feeling of security, it gives you