British Gas Launches Fixed Energy Tariff £250 Below Predicted July Price Cap
British Gas has introduced a new fixed energy tariff that undercuts both the current April price cap and predicted future rates, offering significant savings for UK households. The deal, available exclusively through the comparison website Compare the Market, sets the annual cost for a typical household paying by direct debit at £1,610. This figure is £31 lower than the current April price cap of £1,641 and more than £250 below the £1,861 forecast for the upcoming July cap by analyst Cornwall Insight. However, consumers must act quickly as the offer expires at midnight on April 17, 2026. The tariff is open to both new and existing customers for single or dual fuel but includes exit fees of £50 per fuel type. Experts note that while fixed tariffs provide protection against volatility, they do not cap total bills, which depend on usage. This launch reflects a broader market trend where fixed tariffs are returning following initial disruptions caused by the Middle East conflict, with suppliers like Outfox Energy and Fuse Energy also offering competitive rates below the price cap.
Wire timeline
British Gas Launches Fixed Energy Tariff £250 Below Predicted July Price Cap
British Gas has introduced a new fixed energy tariff that undercuts both the current April price cap and predicted future rates, offering significant savings for UK households. The deal, available exclusively through the comparison website Compare the Market, sets the annual cost for a typical household paying by direct debit at £1,610. This figure is £31 lower than the current April price cap of £1,641 and more than £250 below the £1,861 forecast for the upcoming July cap by analyst Cornwall Insight. However, consumers must act quickly as the offer expires at midnight on April 17, 2026. The tariff is open to both new and existing customers for single or dual fuel but includes exit fees of £50 per fuel type. Experts note that while fixed tariffs provide protection against volatility, they do not cap total bills, which depend on usage. This launch reflects a broader market trend where fixed tariffs are returning following initial disruptions caused by the Middle East conflict, with suppliers like Outfox Energy and Fuse Energy also offering competitive rates below the price cap.
Articles | Mail Online