Martin Lewis is well-known as the Money Saving Expert, and today he turned his attention to energy bills when appearing on Nihal Arthanayake’s BBC Radio 5Live programme. Martin provided insight into soaring energy prices, an issue which is palpably impacting the UK, but also other countries across the world. He offered an update on what options Britons should be considering next as many are worried about their costs going forward.

Taking this action, he said, on a regular basis would be a precaution, even for those who are with the big six firms, and is a matter of “fiscal housekeeping”.  

Today, the regulator Ofgem announced three more small energy suppliers have gone to the wall amid the increasing chaos in the sector.

Enstroga, Igloo Energy and Symbio Energy all confirmed they would stop trading, as the latest providers go under, following providers such as Green and Avro.

Neil Lawrence, director of retail at Ofgem, said: "Ofgem's number one priority is to protect customers.

He added: “I must stress that protecting consumers is our number one and primary focus, and it will shape our entire approach to this issue.

“While the UK, like other countries in Europe, has been affected by global prices, Britain benefits from a diverse rage of gas supply sources. 

“We have more than sufficient capacity to meet demands, and we do not expect supply emergencies to occur this winter.”

Martin Lewis is the Founder and Chair of MoneySavingExpert.com. To join the 13 million people who get his free Money Tips weekly email, go to www.moneysavingexpert.com/latesttip