Martin Lewis, Money Saving Expert, 45, appeared on ITV show This Morning and explained how to save money on your British Gas utilities bill.
He recommended viewers to either switch from British Gas, or to change to a different British Gas tariff using a handy trick.
He said: “Many people are loyal to their energy company, 60% are stuck on their most expensive tariffs and still do nothing.
“And as the biggest firm, more stick with British Gas than anywhere else,” he added.
Of course you’ll know I would desperately encourage you to do a comparison and find a cheaper deal use Martin’s Cheap Energy Club (which also gives cashback) or any Ofgem-approved site.
“Scroll down the list of results till you see a provider you feel comfortable with, and the savings are typically £300/year.
“Yet British Gas has launched a new dual fuel tariff called ‘All Online March 19’, that while not the cheapest on the market is far cheaper than any of its current tariffs and it’s the cheapest of the Big Six.
“It’s on average £900/yr for typical dual-fuel use compared with its £1,100/yr standard tariff which most people are on and that price is locked in for a year so no price hikes.”
Martin also explained the process of getting this new tariff was more complicated than simply going to the British Gas website.
“So, if you’re currently a British Gas customer, and are determined to stick with it, this is a no-brainer. But you can’t just ask for it or go to its website.
“It is only available via a comparison site, like the ones already listed,” he added.
“Yet, if you’re willing to switch to a small supplier with limited feedback, then your savings can be bigger, and tariffs start from a typical £807/yr on average use.”
Yesterday, Martin issued a £10 note warning, reminding viewers that the 10 pound note would go out of circulation soon.
The old £10 will go out of circulation on March 1 next week, to be replaced by the new polymer note.
If you still have ones to use up, you should make an effort to spend them before this date.
Shops will not accept the notes after this point, although the Bank of England will trade them for new ones.
