Households warned they could lose up to £200 by switching to fixed-rate energy deal
Energy customers are being urged to think before switching energy deals - or they could risk missing out on savings worth up to £200.
Despite this, the overall wholesale price of gas has dropped significantly which has shifted attitudes in the market. Both OVO Energy and SSE have been offering customers fixed deals since March - currently, these deals' costs are lower than the EPG, the Mirror reports.Both suppliers' fixed-rate deals offer a tariff of £2,275 a year depending on usage.
They said: "After record-breaking power prices of last winter we are now seeing forward electricity prices come down, meaning suppliers are now paying less for power than accounted for by Ofgem's price cap. While costs continue to come down, suppliers will look to exploit consumer desires to move onto lower rate tariffs by trying to fix customers at close to current rates.
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