Energy

MoneySavingExpert.com founder Martin Lewis has reaffirmed his message to consumers to sit tight and avoid switching to a new fixed-price energy deal as more gas and electricity providers go bust. On his weekly The Martin Lewis Money Show on ITV he warned people to "do nothing".

Martin Lewis has warned that anyone coming off a cheap, fixed energy deal faces a huge bill shock, with the cheapest tariffs now costing 40% more than they did last year. In a new video, the MoneySavingExpert.com founder explains why energy prices are at an all-time high and what you can do about it.

The cheapest deals cost 40% more than a year ago, and are still rising. Fail to act and you'll face a huge bill SHOCK. This autumn's signature noise will be a deep thud... the sound of jaws hitting the floor, as people finally see the practical evidence of the energy bill catastrophe laid bare.

British Gas has announced it will keep direct debits for 2.3 million customers the same this winter, despite huge price hikes that'll hit next month. It says it will keep an extra £50 in customers' pockets – but most will likely be far better off switching. 

A review into green electricity tariffs is to be launched by the government following concerns energy suppliers could be exaggerating their environmental benefits.

The energy price cap, which limits how much suppliers can charge households on poor value standard variable tariffs (SVTs), could be extended beyond 2023, while households on those tariffs will be given personalised switching advice, under new plans announced by the Government today. 

About 1.7 million Bulb customers will see gas and electricity bills rise by an average 6.5% from next month, making its standard credit tariff just 1% cheaper than the price cap – in other words, it'll be mightily expensive. But most can beat the hikes and save £200+/yr by switching to a cheaper deal. 

Millions of EDF, Eon, Npower and Scottish Power customers will see energy bills hiked by £96/yr on average from 1 April. All four firms are raising prices by the maximum allowed under the new energy price cap announced earlier in February. But most households can beat the hikes and save £200/yr by switching to a cheaper deal. 

Former customers of defunct gas and electricity supplier Yorkshire Energy have vented their anger at new supplier Scottish Power over delays in issuing credit refunds, with some saying they've now waited two months to get their money back. Some are even still waiting to be transferred over. Here's the latest on what's happening and what your rights are. 

Funding for the Green Homes Grant voucher scheme is set to be slashed by around £1.5 billion from April, it's been revealed.