Martin Lewis explains energy bills ahead of £600 rise as millions face big costs

Energy bills could rise by a staggering 51% in April, experts have warned.

Many households have been told the cost of wholesale gas would shoot up over the winter period.

The current price cap of £1,277 is reviewed twice a year and the next rise will come in a few months.

Fixed deals used to be cheaper than the price cap, however they are now more expensive, with the average £2,391.

Now Martin Lewis has explained whether or not you should fix your gas and electric bills.

Writing in his weekly Money Saving Expert newsletter, he shared the best his tips.

He said: "After number-crunching, for most, it's still a 'no', but for the first time in many months fixing may be worth it for a few.

"If you're offered a fix that's no more than 40% costlier than your current price-capped tariff, it's worth considering."

Most fixed deals available around 56% more than the cap, so fixing is unlikely to be worth it.

However some deals offered to existing customers of energy firms could be better than those available.

Martin suggests if you're offered one, do the numbers to see what percentage the increase is.

But there is a risk that if you fix now, prices drop and you could be locked into a deal costing more.

He said: "It looks like most people should do nothing, it looks like only a few edge cases should be looking at fixing right now.

"So if in doubt, just stick on today's cheapest price – which is the cap. And to be plain, the 40% figure is my best guess, not firm."

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