Richard Neudegg, director of regulation at Uswitch.com, comments: “This latest prediction is promising news for households with energy prices set to head in the right direction.
“If the price cap falls to around this level, it will be lower than the Energy Price Guarantee. This means that the cost of a standard variable tariff will once again be dictated by Ofgem and reviewed every three months.
“We’ll wait to see the confirmed price cap level when it’s announced on Thursday, but this should give suppliers the confidence to start bringing back fixed energy deals for customers.
“When deals do become available, consumers will need to decide if they want to lock in rates for a longer period, rather than risk the volatility of the standard variable tariff.
“One in two consumers have told us they'd choose a fixed tariff to give them more certainty on their energy costs, so it’s vital that they’re now given back that option.”
About Uswitch
Uswitch is one of the UK’s top comparison websites for home services switching, including energy, broadband and mobiles.
More people go to Uswitch to switch their energy, broadband and mobile than any other site, and we have saved consumers over £2.7 billion off their bills since we launched in September 2000.
Free mobile app Utrack also helps households manage their home energy usage and make potential savings.
Uswitch is part of RVU, a group of online brands with a mission to empower consumers to make more confident home services, insurance and financial decisions.
