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Consumer champion Martin Lewis is urging millions of households on the standard tariff to switch to a fix to beat the price cap which kicked in at midnight on October 1. In a special edition of the Martin Lewis Money Show Live on Tuesday, the financial guru dished out invaluable advice to parents and students starting college or university this Autumn, but also explained how most energy firms are offering fixed tariffs which beat the ‘pants cap’.
An estimated seven million households on the standard tariff - with typical average usage - will see annual bills increase from £1,720 to £1,755 from October 1 - a rise of £35 over the coming year. The increase will see energy bills increase by around £2.93 a month for the average household, leaving a home on a default tariff pa