Martin Lewis’s top 5 tips for saving energy and money, from a warm home rebate to a £150 off your bill

Money-saving expert Martin Lewis has shared some tips for saving money in the face of rising energy bills this spring.

In an email to members of his Cheap Energy Club, Martin warned: “In April the price cap will increase by 54%, which was once unthinkable.”

This equates to an average increase of £700 a year for UK households and has many people worried about falling into poverty.

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As if that weren’t enough, rising wholesale energy costs mean another price hike of around 20% could occur just at the next turning point in October this year.

Martin Lewis spoke to Chancellor Rishi Sunak about the impending rise in energy prices

People are rightly worried and Martin has responded with some advice on how to cut your expenses and where to find help.

Check out his top tips below:

1. Reimbursement of council tax

A £150 council tax rebate for homes in England in bands A to D (around 80% of homes) is due in April.

Chancellor Rishi Sunak hopes this will help mitigate the cost of rising energy prices.

2. “Discretionary assistance” for those who are not entitled to a council tax refund

Martin Lewis has warned people could be stung by the mandatory £200
Martin Lewis has advice for people worried about rising energy prices in April

Martin admitted that many houses are exempt from housing tax and therefore will not benefit from the discount.

But there is another fund reserved for these people.

In his email to members of the Cheap Energy Club, Martin suggested he had given Mr Sunak the idea of ​​setting up this £144million discretionary fund to be distributed by local councils.

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Martin wrote: “The Chancellor called me two days before the announcement to get my opinion. He didn’t tell me what his plans were but said: ‘Unfortunately no system is perfect’.

So, aware of those excluded from Covid support, I said, “So why not create a discretionary fund for extreme cases?” He perked up and said, ‘That’s a great idea.

3. Time to ditch the price cap and get a fixed rate deal?

For months, Martin has been advising people to “do nothing” when their current contract comes to an end because you either stay on the price cap or drop into it when your cheap fix ends.

Now that the new price cap of 54% has been revealed, what is Martin’s advice?

He writes: “Again, this is one of those to talk to you about, so watch my Stick on price cap or get a fix? 4 minute video (courtesy of ITV), from Thursday (the ones on the old cheap patches, you’re probably better off sticking with them, then watch this video to find out what to do when they end).

“To check available tariffs, use our Cheap Energy Club and also ask your existing supplier what they offer. Remember to compare actual tariffs, not the offtake they offer to set (which depends on estimates of use).”

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4. Warm Homes discount increased by £10 and available to an additional 780,000 people

Low-income people get a warm discount on their housing, including pensioners.

The amount will increase from £10 to £150. Martin adds: “Not exactly huge since it’s been the same for eight years, while energy prices have more than doubled in the last year alone.”

The government also plans to extend the eligibility criteria so that an additional 780,000 households are eligible, but we don’t yet know who.

Martin warns: “For this winter’s program, only E.on, E.on Next, Bulb and So Energy still have applications open, so hurry up if you’re eligible – check out the discount help for warm houses.”

5. And finally, consume less energy…

Martin writes: “Our energy-saving tips help you do the simplest things, like turning down your thermostat and cutting down on shower time.

“But other ways to use less aren’t so clear, like leaving the heating on low all day – we’ve got the pros and cons of that and more in our energy demystification guide. And the team will work on adding more tips soon.”

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