Money Man Martin Lewis Answers Your Energy Bill Dilemmas | This Morning

With the average annual energy bills set to fall by 12% on Monday 1 April for those on standard price-capped tariffs - is this the time to fix or stay on the Price Cap? Martin Lewis is taking your calls on your energy bill dilemmas.
Broadcast on 04/03/2024
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[@daviniarobbins9298]

My electric is going down about 25p a day however the standing charge has gone up 11p so actually I will only save 14p a day. Big flipping deal. My standing charges will be £1 every day from April. That is £365 a year gone before any energy is used. What. The. Flip.

[@onetone4561]

The standing charge is a con. There are around 26 million houses in the uk. If the average standing charge is £330 per house for gas and electricity then these suppliers are getting £8580000000 each year 8.58 bn for new pipes / cable's. That's outrageous.

[@melgrant7404]

Just when everyone is going to soon be switching off the heating anyway.

[@sherimillman53]

Yep

[@monicaduncan7109]

Yes why don’t they put the price down in the winter? When we need it the most! We are being ripped off regardless

[@melgrant7404]

@@monicaduncan7109 agree.they can't lose.

[@kevinsyd2012]

Of course. When demand for energy all over Europe falls in the summer months then prices also fall. It's standard economics.

[@melgrant7404]

@kevinsyd2012 but instead they put up the standing charge. Mine has just gone up 7p.

[@BillyBob-rm3ve]

Nice hair dye Martin! 🤣😂

[@jennifertopliss1028]

Love these two the rest of the interviewers talk over the guests and interrupt them. Love Josie n Martin..

[@onetone4561]

Standing charges must be reduced how can it cost energy suppliers £330 per household to use cables and pipes that have been in the ground for a 100 years

[@paul_my_plumbs_uk]

We are paying for the energy company debt from the people who are having trouble paying the bills

[@robton007]

Personally I think the brokers of gas and electric should be ashamed ,...British Gas not long ago said they had record profits,why is the ministers we put in power leaning on these companies, times are hard....same every year prices rise in winter lower in spring.....ripping people off is more important

[@davidbowie2046]

Standing charge is a racket! Never used to charge it. Used to be higher for your first so many KW, then the price would drop. Much fairer.

[@maria.mobile017]

Great info. thanks

[@URFUTUREUK]

They've absolutely RIGGED the system.

[@kevinsyd2012]

who are 'they'?

[@URFUTUREUK]

@@kevinsyd2012 the thims.

[@ricardojohns9944]

Rosie there trying to blag her way until Martin tipped her off 😅

[@monicaduncan7109]

Haha she’s doesn’t know what she’s talking about, ofgem are a great supplier 😂😂4:12

[@Discombobulate453]

Oh Lord, that Bristol accent 🥴

[@jmu706]

4:13 😂😂😂😂 ..

[@RacingCommentator]

They are brilliant, but she was being ripped off. They should have edited that out.

[@mical7582]

Octopus energy are the worst. They sent a crazy aggressive meter reader to my home, despite me being a vulnerable customer. Getting help to clear any debt is hard.

[@justindavid1060]

Will go back up on october

[@janiceburgess5906]

Even after Martin explains it I’m still confused!!

[@katie2295]

I tend to read articles he’s contributed to, I find that easier to understand

[@kevinsyd2012]

Prices are coming down. Clear?

[@jcutler1018]

@@kevinsyd2012except the standing charges are going up.

[@nssimpson]

What's confusing? You pay a standing charge then you pay for each kWh used. It's like paying a monthly fee to a phone company just to be connected to their network plus an additional charge for every text you send.

[@paulgreen7906]

Standing charges are a disgrace! I understand there is a need to have them but not at these levels. Should be about a third of what they are! Also the whole energy market is broken. I can see different energy companies can charge different amounts but why are individual companies having multiple different tarriff's for the same gas or electricity coming into your home! It is total ****! I think it is time to consider re-nationalisation of utilities....oh and do not get me started about the railways and the striking train drivers!

[@juristimma5366]

soon we all live outside in Tents: )

[@peterthefoxx]

Octopus tracker has very easily averaged below 20p/kwh over the last year at least (5p for gas)- it’s well worth it. It’s nowhere near a wild as he describes and you can switch away at any time. Fixed Tariffs will likely always be more expensive since the energy companies price in a buffer above a predicted worst case wholesale price to avoid any chance at a loss.

[@mikerods6067]

All the Regulators are in the pockets of the gov. What do we expect!

[@kinggeoffrey3801]

Mine hasn't dropped. It's stayed the same. So more lies.

[@MrSensible2]

Today I got notification from Octopus that my electricity standing charge will increase from 47.95 p/day to 61.27 p/day. That's an inflation busting 27.7% increase & means I will have to fork out an extra £48.59 per year. In my case, the associated drop in unit prices actually does me no favours whatsoever. I had solar panels installed in 2022 & am a net exporter to the grid. When unit power prices fall, so does the price I get paid for exports. I suspect I'm one of many people who reckon they have 'done the green thing' but now feel like they're getting well & truly stiffed!! The sooner we get a new Labour government & an OFGEM that prioritises the interests of consumers over producers, the better. Standing charges are self-evidently too high & penalise low users. They need to go.

[@carlishiggins]

your wrong because direct debit costs more if you work it out

[@BritishAnts]

Standing charge is theft as far as I’m concerned! Average it out over the uk and divide it by the kWh consumed! If it’s 3 p more a kWh then those using millions to heat a pool will p[ay the same as those using it to stay alive one extra night during a freeze!

[@blueflame316]

I think part of the problem is that people in this country and absolutely terrible with money. Good that someone like Martin is there to give advice but when I see people going to food banks and then going to buy expensive designer clothes and eating out at expensive restaurants, I know something is fundamentally wrong.

[@archiesneddon6017]

And the energy companies will still make millions of profit....

[@kevinsyd2012]

Which is good because they employ tens of thousands of people and pay lots of tax and pension contributions.

[@melgrant7404]

@@kevinsyd2012 sounds like you're one of them. The government probably has shares in the energy companies .

[@rsmickeymooproductions4877]

She looks so awkward. So distracting when Martin is trying to communicating important information.

[@akaski777]

All bad news for some not for him

[@derekcrook5265]

sorry he doesnt answer any direct questions

[@mzd9219]

Only in the UK the Government would entertain speaking with some random TV man regarding financial policies affecting the whole country. His appearance on TV and ownership of his own comparison websites directly translates to his money making business, wake up people.

[@SonOfTheRightHand29]

He doesn't own a price comparison website though

[@mzd9219]

@@SonOfTheRightHand29 He sold M...ney Sup....market in 2012 for 87 milion

[@SonOfTheRightHand29]

@@mzd9219 yeah exactly?