Energy companies seem to be making a move towards fixed energy tariffs to allow cheaper options for consumers.
However, Money Saving Expert Martin Lewis has warned that it might not be as good as it seems on the surface. OVO recently announced a new energy tariff of a one-year fixed rate of £2,275 based on typical dual-fuel use.
This makes it £225 cheaper than the government's Energy Price Guarantee which is capped at £2,500 until July. While it is the first new tariff of its kind to enter the market since last year, Mr Lewis has advised customers to think carefully about their options before they sign up.
