So Energy's first fixed deal under Ofgem new price cap unveiled - but there's a catch

The first fixed energy deal priced under Ofgem’s new cap and open to everyone has been unveiled this week.

So Energy, which has around 300,000 customers, is offering a 12-month fixed energy deal called So Juniper for £2,047 a year for a dual-fuel household based on Ofgem's typical use. This is £27 cheaper than July’s price cap, which will be £2,074, and according to Martin Lewis, that makes it 1.3% cheaper than what most households will pay under the new cap, and 18% cheaper than what we currently pay under the Government's Energy Price Guarantee (EPG).

The deal is open to new customers via comparison sites Uswitch and Confused.com and existing So Energy customers can access the deal directly.