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Millions of Netflix customers will see their bills rise next month as it increases both standard and premium price plans.
Standard customers will see their bills jump to £9.99 a month, while Netflix's premium plan, which allows you to view programmes in HD and Ultra HD, will rise from £11.99 to £13.99.
Netflix said it started notifying customers on January 1, and all of its 13 million UK customers will be contacted "in the next couple of months".
It said those who joined Netflix on or after December 10 are unaffected as they already joined on the higher rates.
But Martin Lewis has explained how users can dodge the increase completely.
Netflix's basic plan customers won't see their bills rise. Subscribers will see their monthly charge fixed at £5.99
(Image: AFP via Getty Images)
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Speaking on Thursday's ITV Money Show, he highlighted some ways in which Brits could save themselves cash.
"It is hiking prices – up £1 a month for its standard, up £2 a month on its premium," Martin began.
While some may be set to pay the higher price, he went on to share a way to reduce outgoings.
"So what's my key tip? Well, check now what package you are on. You may be able to downgrade.
"A basic package, which isn't moving in price, is £6 a month.
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"You can only use one device at a time – multiple devices but only one at a time – and it's only SD [standard definition]. It's not HD [high definition] on that one."
However, Martin suggested that those streaming from their mobile phone or tablet may not notice much of a difference between the two options.
"The standard package is £10 a month, you get two devices at a time, and you can watch on HD there.
"Or alternatively, if there's lots of you with membership in one household, well cut that down and go for the premium and you can get four devices for £14 a month, which is cheaper than multiple memberships."
Free Netflix shows
Many people may be able to access Netflix for free, too.
The streaming giant scrapped its 30-day free trial last year – but some shows and films are now available for free.
"What you may also not know about Netflix is you can go to Netflix.com/watch-free and it has some of its shows available for free there and you don't have to pay," Martin added.