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Manchester Evening News
Manchester Evening News
Business
Ruby Flanagan & Kieran Isgin

Households warned they could lose up to £200 by switching to fixed-rate energy deal

Energy customers are being urged to think before switching energy deals - or they could risk missing out on savings worth up to £200.

For the past year, energy prices have been capped by the government in a bid to stop costs from getting too high. Under the Energy Price Guarantee (EPG), prices are currently capped in line with an average yearly bill of £2,500.

Despite this, the overall wholesale price of gas has dropped significantly which has shifted attitudes in the market. Both OVO Energy and SSE have been offering customers fixed deals since March - currently, these deals' costs are lower than the EPG, the Mirror reports.

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