Energy firms sell fixed deals far above price cap – The Times

Households are being sold fixed-price gas and electricity contracts that are hundreds of pounds a year more expensive than the government’s default price cap amid fears the cost of energy will continue to rise.

Scottish Power and Shell Energy, two big energy suppliers, are both marketing tariffs that encourage customers to voluntarily lock in their energy prices at more than £1,530 a year for a typical household for at least the next year. By comparison, customers on default variable tariffs, which are covered by the price cap that is updated twice a year and have typically been the most expensive option, will have their bills rise to £1,277 a year for a typical household from October, from £1,138 at present.

The companies say that the

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