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What is the Ofgem energy price cap and how much are bills falling?

Pelican Press

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What is the Ofgem energy price cap and how much are bills falling?

The fall in energy prices raised hopes that suppliers would offer cheaper, fixed-price deals.

These offer certainty for a set *******, but if prices drop further, people could find themselves stuck at the higher price.

Leading consultancy Cornwall Insight predicts a typical household’s annual bill will be back up to £1,723 in October, a £155, or 10%, increase from now. However, the reality may be different.

When considering fixed-price deals, Ofgem says people should seek independent advice and consider what is most important for them – the lowest price or the security of a fixed deal.

Price comparison website Uswitch warned customers to check whether fixed deals had exit fees before signing up.



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