Fixed gas and electricity tariffs are still cheaper than standard rates, even after the latest round of price cuts, according to switching service uSwitch.
The average cost of a fixed price plan taken out today is £110 less than the current average standard plan.
Tom Lyon, energy expert at uSwitch said: “As a result of the £224 or 21% hike inprices that started at the end of 2010, consumers flocked to fixed price plans – now with energyprices falling, some will be wondering whether they did the right thing.
“The reality isthat even after these cuts prices would still need to fall by £170 or 13.5% before those on fixedprice plans would be out of pocket compared with standard plan customers.”