Martin Lewis warns British Gas and EDF customers as UK faces 73% hike from April

Martin Lewis shared advice to his millions of fans as energy bills continue to cripple the nation.

The MoneySavingExpert founder offered his expertise during the new series of his Money Show Live earlier this week.

He spoke about the crisis which followed Chancellor Jeremy Hunt's slashing of the two-year energy price comprise.

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The guarantee of a £2,500 limit stopped bills from soaring by £1,971 to a predicted £6,000 this winter.

But Martin told viewers that early forecasts from Cornwall Insight suggested the UK would face 73% hike from April.

He also issued a warning to British Gas and EDG customers, reports Daily Record.

Martin said the two firms only reviewed payments bi-annually linked to when customers joined.

It means they could be faced with a substantial rise in their payments next year.

He said: "Direct Debits are currently being assessed by some firms on the back of that 27% rise to the energy price guarantee [£2,500], all the major firms are doing it, but there are two I want to point out though.

"British Gas and EDF, big firms there. If you're a customer of one of those firms, unlike the others, they don't recalculate your Direct Debit when there's a price move."

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Martin added: "They just do it at two points in the year which means you may stay on your current Direct Debit for the next few months even though the rate you're being charged is higher.

"That means when they do alter your Direct Debit, the increase is likely to be much bigger because you've got to catch up."

Luckily, the MSE guru offered a solution which could help level off payments and prevent a sharp rise upon Direct Debit renewal.

He also shared checks people should make if their Direct Debit went up.

Martin said: "In that case, you may want to go online and ask your supplier to increase your Direct Debit now so you're not going to be hit by that bigger bill shock later."

The MSE founder's three Direct Debit payment checks:

1. Are you giving regular meter readings or do you have a working smart meter?

If you don't, you need to get in touch with your supplier as the estimate could be wrong.

2. Are you in bill credit or debt?

If you're in credit, your bill shouldn't go up much.

3. Have you come off a cheap fix?

If you have, your bill would have increased by far more than double over the last year.

If you pass all three of those tests, Martin explained that there were calculators online which could show you what your Direct Debit should be.

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