Energy fixes have come back to the market and although there are not many for now, more are expected to return over the next year.
On July 1, the Ofgem price cap was reintroduced and replaced the Government Energy Price Guarantee.
The Ofgem price cap sets a limit on the unit price energy companies can charge for gas and electricity, with the typical annual energy bill currently £2,074.
The reintroduction of the price cap has prompted some suppliers to bring back cheaper fixed deals - most of them for existing customers - which disappeared well over a year ago following the energy crisis.
Ovo Energy got the ball rolling earlier this year offering existing customers a fixed deal of £2,275 - this was under the Government Price Guarantee, which was £2,500 for the typical household.
At the time, those who switched to its tariff could make an average saving of £225 on their annual bill - however, it is now over £200 higher than the Ofgem price cap.
The energy regulator Ofgem has urged customers to "think before you fix" as more deals come back to the market.
In a tweet, it said: "With the lower #PriceCap figure, fixed-rate energy tariffs might appear back on the market, but check if they are right for you.
“Prices are still unpredictable & signing up for a fixed rate now might mean you miss out if prices fall."
The Mirror has highlighted some of the deals which are available on the market at the moment, as highlighted by MoneySavingExpert.com.
List of fixed-rate energy deals on the market
Utility Warehouse
Utility Warehouse currently offers a fixed rate of £1,974 a year under its Fixed Saver 1 tariff.
This tariff is available for both new and existing customers – but you do need to have at least two other services with Utility Warehouse such as broadband, mobile or boiler and home cover to get this deal.
It has a £150 exit fee.
E.ON Next
Eon Next is offering a one-year fix for existing customers which gives an average bill of £2,006 a year.
The deal is under its Next Loyalty Fixed v4 and existing customers whose deals ended or ends between December 26, 2022, and August 14 2023 will be able to sign up.
It has a £150 exit fee.
So Energy
So Energy's So Juniper tariff gives an average bill of £2,047 a year for a typical household and it is open to both new and existing customers.
However, you can only get this deal directly through So Energy.
If you change your mind, it has a £150 exit fee.
British Gas
British Gas is offering two new fixed-rate deals at the moment, one for existing customers and one for new.
The supplier is offering the Smart Fixed v1 tariff for new customers and the Smart Aug24 v1 tariff is for existing customers.
They are both set at £2,099 and customers will need to have a smart meter installed to be able to get it.
The exit fee for these tariffs is £200.
Ovo Energy
Ovo Energy's - one-year fix for existing customers gives an average bill of £2,099 and its available to all existing Ovo customers only.
This deal comes with a £150 exit fee.
Octopus Energy
Octopus Energy Loyal Octopus tariff gives an average bill of £2,100 a year - and it is only open to existing Octopus Energy customers.
If you change your mind, it has a £150 exit fee.
EDF
EDF is offering a 12 month fixed rate tariff which gives an average energy bill of £2,100 - this is called the Essentials Exclusive tariff.
Again this is open to existing EDF customers only, plus you'll need to get smart meters installed if you don't already have them.
This tariff has a £150 exit fee.
