A MAJOR energy supplier has launched a fixed energy deal that's £347 less than Ofgem's current price cap.EDF is offering new and existing customers the chance to fix their energy bills below Ofgem's energy price cap'They look PENG' scream Haribo fans as confectioner releases exotic new sweets
"At £1,581 for the average household, this should be worth considering for those wanting to take advantage of falling rates and lock in price certainty for 12 months. "We don't expect this deal to be available for long, and EDF reserves the right to remove the deal at any time. We’re hopeful this will encourage more suppliers to price competitively to finally give customers choice – and financial relief – on theirCustomers who lock into a fixed energy deal are charged the same gas and electricity rates during the term of the contract.
However, before agreeing to a new fix it's important to understand that Ofgem's energy price cap will be reviewed again later this year.This means that annual energy bills may drop further into 2024 when the next price cap comes into force in July.Customers unwilling to commit to long-term fixed energy deals may want to consider variable tariffs.For example, E.ON Next's Pledge variable tariff offers a fixed discount of around three per cent on the price cap rates for 12 months.