Which? responds to the energy price cap announcement

Natalie Hitchins, Which? Home Products and Services Editor, said:

"Many households will be relieved to hear the energy price cap will fall to £1,568 a year for a typical household from July. If you're on a variable tariff, then any reductions to the price cap will be automatically applied in July. If you are on a fixed deal and think you might be paying more than the price cap come the summer, then it's worth checking the exit fees to see if you'd save money by leaving early.

"With prices predicted to remain fairly stable for the rest of the year, more competitive fixed deals may become available in the coming months. Consumers can use switching services - like Which? Switch Energy - to keep an eye out for the best deals available.

"As a rule of thumb, we wouldn’t recommend fixing a contract longer than 12 months, higher than the July price cap or with significant exit fees.”

-ENDS-