British Gas, E.on and EDF deals up to seven per cent cheaper than price cap

Recent competition between gas and electricity suppliers has spawned some good deals for consumers looking to save some money on one of every household's major fixed costs, with multiple energy deals now helping consumers to beat the energy price cap, which fell to £1,690 for a typical household in April.

MSE said: "The most recent Price Cap prediction by analysts Cornwall Insight was a month ago, and displayed in our graph it shows on average the Price Cap's predicted to drop 3 per cent over the next year. But Cornwall tell us things have sadly got more expensive since, so the Price Cap fall possibly won't be as big as predicted."

At seven per cent below the price cap, this deal could help you lock-in a low energy price for the next year, beating the July price cap revision as well. Though, if you were to exit the deal, you would face a £25 fee. British Gas - five per cent below cap The British Gas one-year fix is also open to anyone, and covers all energy-usage households, including gas-only properties. Unlike EDF's deal, this won't require a smart meter to get a price cap-beating deal.

It doesn't require a smart meter but is available for dual fuel monthly direct debit customers only. Compared to the current cap, this deal offers a saving of around three per cent but again there is an exit fee - in this case, you'll pay £25 per fuel if you want to leave.

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