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The Martin Lewis Podcast

Martin Lewis speaks to Britain's biggest energy boss about prices, smart meters and more

The Martin Lewis Podcast

BBC

Business

4.2789 Ratings

🗓️ 27 March 2025

⏱️ 54 minutes

🧾️ Download transcript

Summary

Martin Lewis puts YOUR questions to Greg Jackson, the boss of Britain’s biggest energy retailer Octopus. Smart meters, profits, standing charges & will prices EVER drop? Plus with energy prices going up by 6.4% next week, is now the time to fix? To get in touch, email [email protected].

Transcript

Click on a timestamp to play from that location

0:00.0

BBC Sounds, Music, Radio, Podcasts.

0:04.7

Hello, I'm Martin Lewis, and this is the cunningly named the Martin Lewis podcast.

0:09.9

I do wonder what that's all going to be about.

0:12.0

Usually much of it comes from a BBC Radio 5 live show with Adrian Childs,

0:15.8

but don't worry, there's bonus money-saving tips just for you lucky, lucky podcast listeners.

0:20.7

In today's pod, the energy price

0:23.4

cap rises 6.4% next week. So first, I'll explain exactly what's happening and then what you should do

0:31.1

to beat it. After that, we're joined by Greg Jackson, the founder and boss of Octopus Energy. Ten years ago, that

0:38.7

company didn't really exist. Now, it's just overtaken British gas to become the UK's

0:44.6

biggest energy retailer with 23.7% of customers, according to Cornwall Insights. I'll be asking him,

0:52.9

can prices ever return to pre-crisis levels?

0:56.7

We'll be talking about SmartMeetor, standing charges, profits, and does he really answer all the

1:02.1

emails sent to him personally? Then I've got a quick tip for you about the longest 0%

1:07.5

for spending credit card we've seen since March 2023. And in Mastermind,

1:13.8

well, I'm going to pit Adrian up against Greg Jackson. Let's see who knows more about consumer

1:19.7

rights. Play the theme tune.

1:24.4

I got meals. I got paid. So I'm going to work for it.

1:31.3

I got to feed.

1:35.3

I got to feed. So I'm going to make sure everybody eats.

1:39.3

All right. So no waffle from me. Let's get straight into energy bills then, Martin. What is the state of the eight nation now when it comes to the cost of energy?

1:49.2

So the energy price cap is rising up 6.4% on the 1st of April. The energy price cap is the price you pay if you're on a firm's standard tariff. It's default tariff. The I've done nothing tariff, the tariff you're on

2:02.4

if you've not fixed or your fix came to an end and you didn't do anything or you've not chosen a

...

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