Martin Lewis urges customers to grab British Gas | U.Ok.Finance News
Martin Lewis is urging customers to grab a British Gas vitality repair deal that’s 13% cheaper on average than Ofgem’s April price cap – however is just accessible till 5pm on Friday.The unique deal is on the market to British Gas customers and anybody switching from one other provider. The MoneySavingExpert (MSE) founder is urging people to take benefit of a budget offer earlier than Ofgem raises its price cap subsequent week. From April 1, the average invoice for households in England, Wales and Scotland on a normal variable tariff will rise from £1,738 per 12 months to £1,849. The 6.4% hike equates to a £111 annual increase, or round £9.25 monthly over the three-month period of the price cap.The price cap units the utmost price per unit and standing charge that customers may be charged by suppliers for his or her vitality use if they’re on the usual variable tariff (ie not a repair), which for an average family paying by Direct Debit for twin fuel equates to £1,849 per 12 months from April 1.But it’s attainable to beat the April price cap by switching tariffs and fixing at a cheaper price – and Martin Lewis says this MSE deal is 13% cheaper.In a post on X (previously Twitter), he wrote: “British Gas customer, or on any firm’s energy Price Cap? UNTIL FRI theres a new British Gas fix, 13% cheaper than what the Price Cap rises to next week. It avail to new and existing BG customers (doesn’t need smart meter). “Please share this with anyone who hasn’t sorted their energy bill before next week’s 6.4% rise. And sort it yourself if you haven’t. The link takes you through it step by step.”MSE says it has landed a budget deal through its Cheap Energy membership comparability and just one different smaller firm – Outfox the Market – is at the moment offering a price that’s cheaper.The unique British Gas Fixed Tariff v49 is for a 16 month repair – so the speed received’t change till July 2026 – and contains a particular boosted MSE £35 dual-fuel cashback (£17.50 for gasoline or electric-only switches). It’s accessible straight from British Gas as nicely, though in case you select this option then you definately’ll lose the MSE additional cashback.It’s for gasoline, electrical energy or dual-fuel customers and also you don’t need to have a good meter to get it. It may be paid by month-to-month Direct Debit, money or cheque, however not by prepayment meters, and it carries a £50 per fuel early exit penalty – however you received’t be charged for this in case you transfer to one other British Gas repair.Martin provides: “Of course, how it stacks up always depends on region and usage, which is why we do it via a full comparison. But in general, for those who want a big name – and, crucially, existing British Gas customers too – it looks strong.”It’s 7.1% cheaper than the present Price Cap, and 12.7% cheaper than April’s. That April Cap lasts till June, so the saving’s locked in till then, and as I clarify beneath, it is also considerably cheaper than the present predictions for the Cap after that.”The tariff’s full name is the British Gas Fixed Tariff v49. The saving includes a special boosted MSE £35 dual-fuel cashback (£17.50 for gas or elec-only switches) just for this tariff for new or existing BG customers only via our Cheap Energy Club.”It’s value noting for these on a Price Capped tariff that the saving proven is in contrast to at present’s decrease Price Cap, but from subsequent week, you may save far more than that.”
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