Photo by Get Ready for a £180 Rebate: Martin Lewis’ Latest Money-Saving Tip
Money-saving expert Martin Lewis has shared his latest piece of advice that could bag you a whopping £180 rebate. If you’re a customer of energy suppliers like British Gas, EDF, E. On, Octopus Energy, OVO, or Scottish Power, now is the perfect time to scrutinize your bills and account balances.
According to Martin, May is the ideal month for consumers to review their energy consumption and billing, as energy use typically declines in the spring and summer months. This means many customers accrue credit by overpaying compared to their usage. In fact, energy firms are sitting on over £3 billion of our cash - around £180 per household. And a decent chunk of that should be back in people’s pockets.
Check your energy bill for a potential rebate
Martin advises customers to check their meter readings, ensure their bills are up-to-date, and review their direct debit levels. If you’ve got more than a month’s worth of credit, now is the perfect time to ask for it back. Although it might be “tricky to do” as companies often present numerous reasons to retain customer payments, Martin reassures that checking balances now can “defeat the timing excuse - making it all a lot easier.”
This latest piece of advice comes after Martin encouraged his followers to check their household bills, including council tax, mobile phone tariffs, and water bills last month, after they rose by at least five per cent in line with the new tax year. However, in good news for energy customers, prices fell by around 12 per cent in most places as the new price cap came into force. This makes the potential rebate a welcome bonus in addition to the new lower-priced tariffs.
Energy prices have fallen, but you could still be due a rebate
In a further piece of advice, Martin also weighed in on whether people should consider fixing their energy bills or not ahead of the next price cap announcement. With prices fluctuating, it’s essential to stay on top of your energy bills and make the most of any potential savings.
Stay on top of your energy bills to maximize savings
By following Martin’s advice, you could be enjoying a £180 rebate and making the most of your energy bills. So, what are you waiting for? Check your energy bill today and start saving!
