The fall in energy prices raised hopes that suppliers would offer cheaper, fixed-price deals.
These offer certainty for a set period, but if prices drop further, people could find themselves stuck at the higher price.
Leading consultancy Cornwall Insight predicts a typical household’s annual bill will be back up to £1,723 in October, a £155, or 10%, increase from now. However, the reality may be different.
When considering fixed-price deals, Ofgem says people should seek independent advice and consider what is most important for them – the lowest price or the security of a fixed deal.
Price comparison website Uswitch warned customers to check whether fixed deals had exit fees before signing up.
