Martin Lewis issues smart meter warning and says 'that's not true'

The BBC Sounds podcast host and ITV regular spoke out on Twitter, now X, as the new £1717 price cap kicks in on October 1.

Martin Lewis has said "that's not true" as he issued a smart meter warning amid the rising Ofgem price cap. The BBC Sounds podcast host and ITV regular spoke out on Twitter, now X, as the new £1717 price cap kicks in on October 1.

"So Martin, to make this simple should I be going on a comparison website and looking at whether I can get a better deal and get locked in on a fixed term price," a Twitter/X user said. Mr Lewis replied: "yes - and a whole of market one (ie MSE cheap energy club)."

Another said: "You can get cheaper deals but a Smart meter is conditional on all the MSE results." Mr Lewis replied: "That's not true, nearly half the cheapest fixes at the moment (including the cheapest Outfox) don't require a smart meter."

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"I was confused about MSE results being useful with only electricity as it's geared to dual fuel," another wrote. Another said: "Consumers can completely avoid the 10% price rise due to hit bills from tomorrow (1st October) by switching to a "fixed" tariff. If the average customer stays on a "Standard Variable Tariff" and doesn't switch, the cost of this coming autumn/winter will be £1,128.94.

"The average customer switching to the best "fixed" tariff will pay £ 1,014.92 this coming autumn/winter. That's a saving of £114.03, which equates to 10.1%." A Twitter/X user said: "Hi Martin, Thanks for your very helpful guides and inputs through here and ITV's GMB. Please I'm on EDF's Essential 3years Fixed Tariff ending on January 2027. Will this current Ofgem's 10% increase effective from 1st October, affect my currently fixed tariff? Thanks again."

Another wrote: "We don’t have a fighting chance, we use less energy to keep warm due to rising costs, but they keep raising the standing charges so they don’t loose profits! How can we carry on like this?" Another said: "The whole system is seems constructed in such as way as to exploit everyone in the country.

"Power companies have been making astronomical profits at everyone else’s expense. Yet time and time again, politicians do less and less. Regulators are supposed to be there to prevent this."