Ovo offers cheaper energy deal – but customers should beware

Fixed prices can have benefits, but households could be stuck paying more than Ofgem’s energy cap

Forecasting energy prices isn’t easy (PA Wire)

Finally, we have a competitive energy market on the horizon. Good news for consumers! Ovo Energy has set the ball rolling with a dual fuel deal (electriticy and gas) for an annual average of £2,275.

It is the first of its kind since the launch of the government’s £2,500 energy price guarantee, introduced when wholesale market prices looked primed to break the economy and leave households in dire straits. Many poorer Britons are still facing some horrible home budget dilemmas.

Curiously, there was no mention of the deal on Ovo’s rather clunky website when I went on a hunt; you’d think they’d want to boast about it.