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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To think Martin Lewis is misleading people with the new campaign to reduce the energy price guarantee

27 replies

cakeorwine · 28/02/2023 19:32

Don't get me wrong - I think he has done tremendous work raising awareness. He has done so much

However, I have used his calculator

www.moneysavingexpert.com/utilities/what-are-the-price-cap-unit-rates-/

It's great - it asks you for the amount of gas and electricity you use and then works out the annual cost it predicts.

HOWEVER - I know that I will be using most of my gas in winter 2023. And the rates in winter 2023 will be lower than the rates his site is quoting.

So telling me my predicted annual cost is not much use when all the actual predictions are that gas will be lower in winter 2023 when we use more.

This is why the annualised price cap is confusing as it changes during the year and people don't use energy at a constant rate during the year.

Unfortunately this is hard to explain and the soundbite of an annual cost just sounds easier to people - and no doubt will lead to some kind of reversal of the proposed limit of £3000 to £2500.

OP posts:
EmmaEmerald · 01/03/2023 09:48

OP are you trying to say he should keep quiet?

I didn't realise people took him so seriously until they followed the "don't fix" advice, which I thought was madness (wrt to my situation anyway).

I just ignore all this stuff. We don't know what's going to happen, it seems weird to speculate so much.

Waitingforchid · 01/03/2023 10:31

Martin Lewis is running a business making money out of giving advice .. as another PP said you are part of his business model … don’t follow him blindly

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