Martin Lewis has warned of a 6.4% increase in energy bills, marking the third consecutive rise and stressing the importance of switching to fixed tariffs. He advocates for consumers to act quickly since the cheapest one-year fixes currently are about 4% less than the impending new price cap expected in April. Lewis suggests that billpayers should compare offers as more tariffs will be available soon and indicates that the price may stabilize after now until next year, but urges a proactive approach to lock in savings.
"THE PRICE CAP IS A PANTS CAP GET OFF IT IF YOU CAN - FIX NOW IF YOU HAVEN'T ALREADY. The cheapest year-long standalone fixes right now are about 4% LESS than the current Cap."
"Looking further ahead, he added: the current analysts' predictions are once the price rises in April, it will stay at roughly that rate for the next year."
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