Martin Lewis has told energy customers that are worried about rising bills that they might be best doing absolutely nothing.
Gas and energy prices have continued to rise throughout the year, causing many energy companies to go bust and leaving thousands of customers in a tricky situation.
In November 2020, the standard energy price for a household was around Â£800 but now prices have soared to around double that.
But while many customers might be looking for a cheaper deal on their bills, the money-saving expert has warned that it might be best to do nothing and stick with your current deal.
Speaking on ITV's Martin Lewis show, the presenter explained that the energy price cap is currently much lower than the amount energy providers are currently paying for gas. This means that energy companies are currently charging customers much less than the amount they are paying.
While this is bad news for energy companies, it's good news for customers who are paying a lower price.
He said: "My best guess and I don't have a crystal ball, I can't promise perfection, is that... right now, do nothing until we get more information."
In fact, moving to a new tariff could actually leave you paying more for your energy as the fixed prices are currently more expensive than the standard rate.
And Martin warned that energy companies want you to move on to these more expensive tariffs.
He said: "The energy companies, they want you to move to the expensive fixes because they are supplying energy below what it costs them and that hurts their bottom line but I don't care about their bottom line - the government should do, we don't want more to go bust - I care about your pocket.
However, Martin did warn that the energy cap could soar to as much as Â£1,700 in April 2022.