There are no fixed-rate energy deals that are cheaper than the Ofgem price cap
Most fixed-rate tariffs on the market are not as cheap as price-capped bills. Ofgem price cap is set at Ofgem, but almost every deal is cheaper than the cap. Research from Warm This Winter found that most of the 383 fixed rate tariffs on market come with high exit fees.
New energy tariff from Outfox the Market undercuts Ofgem price cap by up to 13%. Electricity at around 13% cheaper than the average Ofgem bill. Gas at 9% cheaper and electricity at 13% less than average price-capped bill. Ofgem energy bill is capped at Ofgem's price cap of £6,000 per year.
Utility Warehouse is the seventh biggest energy supplier in the UK and wants to compete with the giants. But how keen are customers on its selling point of 'bundling' different services? How keen are those customers on the selling point? Utility Warehouse wants customers to buy a bundle of services.
Ofgem should not be used to effectively renationalise the energy market. Regulator is supposed to act as a defender of consumer interests, not a determinant of how the market works. The regulator should not have been used as a driver of the market, says Simon Tisdall.