Martin Lewis Urges Quick Action as Deadline Approaches for 13% Cheaper British Gas Energy Fixed Deal
Renowned finance expert Martin Lewis is advising consumers to act fast as the deadline nears for a 13% cheaper fixed energy deal with British Gas. The deal, available through the Cheap Energy Club comparison, is touted as one of the most competitive options currently on the market. While there is one smaller firm (Outfox the Market) that is slightly cheaper on average, the British Gas deal stands out for its affordability and accessibility to both new and existing customers. Lewis shared details of the offer in his Money Saving Expert newsletter, emphasising that the savings are substantial compared to the current Price Cap and predicted future caps.
Lewis points out that the British Gas Fixed Tariff v49 offers significant savings compared to the current price regulations and forecasts. With a savings rate of 7.1% compared to the current Price Cap and 12.7% compared to April’s cap, the deal provides a cost-effective solution for households looking to manage their energy expenses. Importantly, the fixed tariff locks in these savings until June 2026, offering stability and predictability amid fluctuating energy prices. The tariff is compatible with gas, electricity, or dual-fuel options, and customers have the flexibility to choose their preferred payment method.
Customers considering the British Gas fixed deal should be aware of the early exit penalties of £50 per fuel. However, Lewis notes that these charges can be avoided by transitioning to another British Gas fix. While there is a possibility of energy prices dropping significantly in the future due to global uncertainties, committing to a fixed deal now can provide peace of mind and protection against potential price hikes. The deal does not require a smart meter and is designed to accommodate various payment preferences, including monthly Direct Debit, cash, or cheque.
As the energy market continues to evolve, securing a favourable deal like the British Gas Fixed Tariff v49 can offer stability and savings for households. Lewis highlights that the deal includes a special boosted MSE £35 dual-fuel cashback, making it an attractive option for both new and existing British Gas customers. By acting swiftly to take advantage of this offer, consumers can ensure long-term savings on their energy bills. Lewis emphasises the importance of conducting a thorough comparison to assess how the deal aligns with individual energy usage and regional factors.
In conclusion, the British Gas Fixed Tariff v49 presents a compelling opportunity for consumers seeking a cost-effective and reliable energy solution. With the deadline fast approaching, Lewis encourages households to consider this offer as a practical way to manage energy costs and secure savings in the long run. By leveraging expert advice and utilising platforms like the Cheap Energy Club comparison, consumers can make informed decisions that benefit their financial well-being.
Whether one is a new customer looking to switch providers or an existing British Gas customer seeking a better deal, the British Gas Fixed Tariff v49 offers a competitive solution that addresses the evolving needs of energy consumers. With Lewis’s endorsement and the potential for significant savings, this fixed deal serves as a strategic investment in managing household expenses and navigating the complexities of the energy market.