When will we start seeing energy bill deals again?

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BBC Buisness
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Published53 minutes ago

Image source, Getty Images

By Vishala Sri-Pathma & Daniel ThomasBusiness reporters

Since gas and electricity prices soared in the UK last year, fixed energy deals have all but disappeared as an option for households.

But with bills due to drop from July, could they be about to make a comeback?

Under the new price cap – which is the maximum price suppliers can charge customers per unit of gas and electricity – a typical household will pay £2,074 a year for gas and electricity from July.

That is £426 a year less than what they pay now, although still far higher than what we saw before the energy crisis.

So far, most big suppliers have said they will bring their tariffs in line with the new cap but none have set out cheaper fixed deals for customers.

Such deals have effectively been off the table since the government stepped in to subsidise bills with its Energy Price Guarantee in October, holding them at £2,500 a year for the average household.

Suppliers have claimed they are not able to offer more competitive pricing plans, and so consumers have not been able to shop around.

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