It may soon be worthwhile to shop around for a better energy deal again. That's because experts say energy suppliers could start offering fixed-term deals cheaper than the government's energy price guarantee, which is set to rise again in April, by this summer.
Nearly half a million customers were switching energy suppliers every month back in 2019 as they looked for a better deal. But that figure plummeted as prices surged during the energy crisis, with just 85,000 households switching each month last year.
Now, energy consultancy Cornwall Insight thinks the number of customers switching suppliers could skyrocket from the start of July. This would bring some normality back to the energy market after soaring bills had made it virtually pointless to switch - because no suppliers could offer a fixed-term deal that was significantly cheaper than the price cap.
