Customers have been warned that committing to a new fixed-term deal for their gas and electricity in a bid to cut bills could cost them money if they jump too soon. The warning comes after Ovo Energy launched a new fixed deal for a limited number of existing clients, which works out at nine per cent less than the current energy price guarantee - £2,275 a year compared to £2,500.
Cost-of-living champion Greg Marsh, CEO of household bills manager Nous.co is urging families to hold fire on fixing. He said: “Customers need to be wary. For most people a fixed energy deal is simply not worth it at the moment and they risk being left out of pocket.
“Families should already be benefitting from falling energy costs – but they're not. We're calling on companies to bring back good value fixed deals right away. “There are other options out there to save without fixing.”
