Martin Lewis has revealed the most cost-effective tariffs after Ofgem unveiled an energy price cap.
Households are set to pay £238 less a year in energy bills from April after Ofgem unveiled its energy price cap.
The best tariff deals, according to the money-saving expert, are E.on Next’s ‘Next pledge’ which remains 3% less than the cap and British Gas’s price promise which could be up to 12% less than the cap.
The money-saving expert says traditionally pre-payment was a rip-off however now they will be around 3% cheaper to equalise charges with direct debit payments.
He said on X: “Prepay, which many of the most vulnerable use, was always the rip off, so this is a staggering turnaround.
“And this is unlikely to be a flash in the pan - this pricing structure is likely to continue for the foreseeable future.”
He warned users on cap plans before moving to prepay deals as providers usually offer more competitive deals to direct debit customers.
The new price cap is set to fall by 12.3% from the current £1,928 to £1,690 from April 1 for a typical dual fuel household in England, Scotland and Wales.
