Martin Lewis issues important advice to E.on customers to save on energy bills

Martin Lewis has issued an important piece of advice to all E.on customers to help save money on their energy bills.

Millions of households will see their costs go up by £696 per year from April after Ofgem confirmed a new energy price cap last month.

The regulator has hiked the cap to £1,971, or 54%, from 1 April and for customers with prepayment meters, the price cap will go up by £708 to £2,017.

However, the MoneySavingExpert has pointed out an offer that some E.on and E.on Next Direct Debit customers can take advantage of to save on costs.

What does Martin Lewis advise?

Mr Lewis has advised E.on customers who pay by direct debit and are on the price cap to log into their online account to check if they were offered a Next Online V11 one-year fix deal.

The tariff is currently the same rate as the April 2022 price cap and is described as “a corker” for those who want price certainty amid the cost of living crisis.

Writing on Twitter, he said: “IMPORTANT PLS SHARE: E.on and E.on Next Direct Debit customer on the price cap?

“Log in today & see if ur offered NEXT ONLINE V11 1yr fix. It should be SAME rate as the April price cap (ie 54%ish more than now - check).

If so, as cap likely to rise another 24+% in October it's a corker.”

This tariff is being offered to some existing customers of E.on.

However, Mr Lewis warned that those who switch to this tariff will miss out on the cheaper current rate by a month.

And if prices fell within the year, customers could end up paying more by staying on a a fixed rate, although experts believe this is very unlikely.