Martin Lewis reveals easy trick to save £100 on energy bills - but there's a catch
Martin Lewis reveals easy trick to save £100 on energy bills - but there's a catch
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Martin Lewis has revealed an easy trick to save £100 on energy bills - but there's a catch. During his live ITV show on Tuesday, the British money saving expert, 52, explained that energy company EDF has launched a brand new tariff that could save people £100 on their bills.
![[The British Money Saving Expert explained that energy company EDF has launched a brand new tariff that could save people £100 on their bills]](https://i.dailymail.co.uk/1s/2025/01/28/21/94612479-14335021-The_British_Money_Saving_Expert_explained_that_energy_company_ED-a-5_1738098983662.jpg)
The new offer is essentially a discount, with EDF offering standing charges that fluctuate with Ofgem's price cap. Instead of imposing a fixed fee on customers, it will follow the price cap which is set by the energy regulator and means that prices will be lower when the price cap is lower.
![[He explained that for those paying under £100 a month for their bills it could save them a fortune but for those with higher bills it would be better for them to check comparison sites]](https://i.dailymail.co.uk/1s/2025/01/28/21/94612481-14335021-He_explained_that_for_those_paying_under_100_a_month_for_their_b-a-4_1738098977283.jpg)
He explained that the changing price won't affect the price paid for usage, but will affect standing charges, or the fixed daily charge for having access to gas and electricity. Martin said: 'It tracks the price cap. Price cap goes up, it goes up. Price cap goes down, it goes down.
![[The Money Expert explains what to do if you cannot afford to clear your Credit or Store card in full]](https://i.dailymail.co.uk/1s/2025/01/21/21/94365027-14310341-image-m-35_1737493656634.jpg)
But, he added, there is a catch; these savings will only help those who already have lower bills. Martin said that for those whose bills work out to £135 or less, the saving would be very helpful because the lower cost of the standing charge would be taken off their bill.
Martin Lewis, 52, revealed the simple trick to save money on energy bills but urged bill payers to hurry on his ITV show on Tuesday. Because energy bills are made up of your energy usage as well as the standing charge, those who use less energy will see standing charges make up a higher proportion of their total energy bill.
