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The Martin Lewis Podcast
Cut energy bills, fix savings and free Greggs
Sep 27, 2023
Learn about saving money on energy bills, opening fixed rate savings accounts, and obtaining free travel and breakdown insurance. Find out about meter reading tips and how to resolve smart meter problems. Explore the importance of critical illness and income protection insurance, and discover strategies for boosting retirement savings. Hear discussions on women's state pension age and understanding credit files and scores. Plus, get tips on saving money and getting insurance.
01:04:59
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Quick takeaways
- The energy price cap is set to fall by 7% on Sunday, leading to lower overall electricity and gas rates but increasing standing charges, sparking debate on the fairness of energy bills.
- Opening a fixed rate savings account now can provide flexibility and the option to take advantage of high interest rates, with the NS&I guaranteed growth and income bonds being recommended as a one-year fixed savings option.
Deep dives
Energy price cap is falling and Q&A on energy
The energy price cap is set to fall by 7% on Sunday, leading to lower overall electricity and gas rates. However, standing charges, which are the daily charges to access gas and electricity, are increasing slightly. This change has sparked debate on the fairness of the structure of energy bills, as it ends up benefiting high energy users more than low users. The episode includes a Q&A segment to address common energy-related questions, such as whether to fix rates, the future of prices, and issues with smart meters.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode