What is the energy price cap and how are gas and electricity bills changing?

Mounted-priced offers supply certainty for a set interval – usually a yr, or longer – but when costs drop, you can be caught at a better worth.

Ofgem says prospects who need the safety of a set worth ought to take into account mounted offers.

Nevertheless, it recommends getting unbiased recommendation.

The worth comparability web site Uswitch says you will need to verify whether or not mounted offers have exit charges earlier than signing up and to be sure you totally perceive the phrases of the contract.

As a result of the worth cap modifications each three months, it’s troublesome to know with any certainty whether or not a set tariff is an effective deal. The longer the mounted time period, the higher the uncertainty.