Martin Lewis sends urgent message to Octopus, OVO, EDF and British Gas customers and says 'worth'

Energy bills are set to increase for millions from October 1

Money expert Martin Lewis has named his best fixed energy tariffs before bills go up for millions of households on October 1. Brits are being advised to consider switching to fixed accounts to avoid the gas and electricity hikes.

Experts say in many cases, customers will be better off if they move to a fixed account. Energy prices are rising by around 10% from tomorrow, piling more strain onto families.

Around 80% of households are currently on standard variable tariff, meaning charges move up and down with the Energy Price Cap and global factors which affect prices. By moving to a fixed tariff, it will provide customers with certainty of how much they will pay over a certain period.

READ MORE: Octopus Energy sends 24-hour warning to millions of customers

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Mr Lewis said it was worth looking what fixed options are available. His top five tariffs are:

• Outfox the Market - Outfox the Price Cap
• Ovo Energy - One Year Fixed
• EDF Energy - Essentials 1 year
• Octopus Energy - 15M Fixed
• British Gas - Fixed Tariff 12M/Fixed Tariff Oct 25

Martin Lewis' Money Saving Expert said: "Martin's rule of thumb for when it's worth switching: Some of this is crystal-ball gazing and averaging, but if the predictions above are right, our best guess is...

"Based on current published predictions, on price alone (not certainty)… if you find a fix for at least 2% less than the new (Oct to Dec) Price Cap (or up to 8% more than the current Cap), it's predicted you'll save over the year compared with staying on the Price Cap."