Energy regulator Ofgem is warning households to think about the pitfalls before rushing to fix their energy rates when deals start to come back onto the market.
The Think Before You Fix social media campaign is urging people to check if fixed-rate energy tariffs are right for their circumstances, especially as better deals may come on to the market if, as energy experts predict, prices continue to fall.
An Ofgem spokesperson said: “It’s good news that we’re seeing some choice returning to the market – but consumers should always make sure they’re making decisions based on all the information, including what energy prices might do over the lifetime of any deal. Right now, we anticipate the next price cap will be lower, but future price cap levels remain uncertain.
