Martin Lewis issues energy bill warning to people considering switching to a fix lower than £2,500 cap
Ovo has become the first major energy supplier to offer a fixed tariff deal below the UK Government’s £2,500 cap. The energy giant is offering a one-year fixed tariff of £2,275 to existing customers - undercutting the UK Government’s £2,500 Energy Price Guarantee.
Ovo, which has around four million customers, reportedly said it launched its new tariff because customers desired “the security of a long-term fix to protect them against the continuing energy price uncertainty”. “That price is predicted to stay around that point until the end of the year, and into early 2024, though it changes every three months and the further ahead you get, the hazier the crystal ball gets.”
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