Energy fix returns

Energy firms are bringing back fixed rate deals for existing customers in anticipation of the upcoming price cap decrease on 1st July

As the new price cap approaches, energy firms are proactively offering fixed rate deals to existing customers.

These deals lock in a set energy rate for a specific duration, shielding consumers from potential price hikes during that period.

Several energy companies are currently offering fixed rate deals to their customers – these include So Energy, British Gas, E.ON and OVO.

The reintroduction of fixed rate deals comes at a time when wholesale energy prices have experienced a notable drop.

By opting for a fixed rate deal, customers can avoid the uncertainties associated with variable tariffs.

While variable tariffs can fluctuate in response to market conditions, fixed rate deals offer a consistent rate over a defined timeframe.

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