New fixed-term energy deals cheaper than April price guarantee could be offered by summer
Energy suppliers could soon start offering fixed-term energy deals that are cheaper than the UK Government's price guarantee, making it worthwhile for customers to start shopping around again. Cornwall Insight, an energy consultancy, said it thinks the number of customers switching to a new supplier could skyrocket from the start of July.
Since October, the UK Government has also been helping people with their bills, which would otherwise have likely tracked the energy price cap up to more than £4,000 per year for the average household. Cornwall Insight senior consultant Kate Mulvany said: "The energy market is complex, making it difficult to predict the effects of policy changes on consumer behaviour and energy pricing.
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