Martin lewis issues energy bill warning over 'common' question he gets asked

Coventrytelegraph

Martin lewis issues energy bill warning over 'common' question he gets asked"


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Money Saving Expert founder Martin Lewis has issued a stark warning over a "common" energy bill question that he often encounters. Taking to Twitter, the financial guru addressed a


query that he confesses leaves him puzzled regarding its logic. A social media user posed the question: "Understand this whole premise. Aren't you just creating a serious problem


further down the line when the fixed tariff ends and the price suddenly jumps significantly, even to a new fixed tariff, just like it has for the last couple of years." "This is a


commonly asked question, which I'll be honest I never get the logic of. Lets exaggerate the numbers to be clear. If price rose over say next year," explained the 52 year old Mr


Lewis. The renowned BBC and ITV personality continued, outlining two scenarios: "Do nowt option: Pay £200/mth now and it gradually rise to £250/mth." READ MORE: NEW CGI SHOWS


MASSIVE MAKE-OVER PLAN FOR DISTINCTIVE COVENTRY PUB SIGN UP FOR OUR FREE DAILY NEWSLETTER HERE FOR ALL THE LATEST NEWS ABOUT COVENTRY . "Fix option: Cut bill to £150/mth for a year,


then it jumps to £250/mth. In both you pay same at end, but by fixing you've saved min £50/mth meanwhile. Why's that a problem? " he questioned. Mr Lewis also took a moment to


defend the original poster from online rudeness, stating: "Some being rude about original poster. That's unfair and unnecessary. I do get the same question from a lot of people.


My aim in quote RT was to answer it to many. Please be kind! ". Another social media user responded with an alternative perspective: "More logical would be the other way. 6 months


down the line prices actually fall. Then the fixed price person is paying too much. But the energy suppliers and Ofgem and Government want everyone to quibble over these movements.",


reports Birmingham Live. "What they don't want you or everyone else to do, is question why energy is uniformly priced to gas price. Solar and wind is considerably cheaper to


produce. In a genuine FREE market EVERYONE would be getting their energy from renewable energy suppliers! ! ! ! ""But in the UK, the "market" is fake and artificial.


Geared entirely towards improving the profitability of the energy suppliers to the detriment of everyone else! ! ! " One person wrote. Another added: "I think the argument is the


shock element of it - rather than a £50 rise, they suddenly have a £100 rise. I imagine psychologically it feels worse, even though you're net saving money""Problem I see; I


have no idea what the weather will be so how much will I use? assuming to keep warm. if I don't save enough (monthly DD they bill every 3) rather like credit it costs or in credit take


the hit of paying too much? I have no idea what they will charge for the debt," another reader commented.


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