The Martin Lewis Podcast Martin Lewis speaks to Britain's biggest energy boss about prices, smart meters and more
14 snips
Mar 27, 2025 
Greg Jackson, Founder and CEO of Octopus Energy, shares his expertise as he tackles pressing queries about rising energy prices and smart meters. He discusses the recent 6.4% increase in energy costs and offers strategies for consumers considering fixed rates. The conversation dives into the profit margins in the energy market, highlighting stark differences between suppliers and retailers. Jackson emphasizes the importance of transparency in energy pricing and the challenges posed by smart meter implementation, aiming to empower consumers amid these complexities.
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Fix Energy Prices
- The energy price cap rises on April 1st, impacting standard tariffs.
- Consider fixing your energy price now to save money and gain price certainty.
Price Cap vs. Fixed Tariffs
- The energy price cap is based on past prices, not current or future ones.
- Fixed tariffs consider current and future prices, making them potentially cheaper.
Energy Retailer's Role
- Energy retailers buy energy from global giants and manage various costs like meter rentals and government levies.
- Wholesale energy prices fluctuate daily, impacting the final cost for consumers.