Ovo launches energy deal below government price cap

But Mr Martin Lewis, from MoneySavingExpert, said: “People need to be very careful not to just jump on a fix because it costs less than they’re paying right now… because wholesale rates – the rates energy firms pay – have dropped, it’s likely the price cap will drop, and on current predictions that means you’ll start paying 20% lower rates than now. That price is predicted to stay around that point until the end of the year, and into early 2024.”