Warning. The Energy Price Cap rises 13% next week!
Ends Friday. Exclusive energy FIX 
Cheapest British Gas fix since Mid-East conflict started. On your firm's standard tariff? Lock in for 1yr+ at 15% less than the new 1 July rates

Already a BG customer? You can get it too - even if you're already on one of its fixes

An intro from Martin... Cutting to the chase, if you're on your firm's standard variable (ie, Price-Capped) tariff, get off it before it jumps 13% in a week's time. Our British Gas Exclusive Fix is currently the market's cheapest, letting you lock in a rate for 14mths - for less than the current rate, never mind the rate once it increases.

The bigger picture is that while the Middle East conflict is potentially moving towards its end - for most people's energy bills, it hasn't hit yet. For those on standard tariffs (ie, you haven't switched, or your special deal/fix ended and you did nowt), your rate is almost certainly set by Ofgem's Price Cap. And that Price Cap is slow to rise and slow to fall.

Each Cap period lasts three months. The one starting 1 July is set based on wholesale energy costs in the mid-Feb to mid-May 'assessment period'. The conflict started in March, so it's the first to include those big price spikes, which is why it'll jump 13%. 

Yet even if the conflict fully ended today, as we're already well into the assessment period for October's Cap, those high rates are somewhat bedded in. So that's still likely to be higher than today's April Cap rates (see Price Cap predictions).

Conversely, the rate you can fix at moves quickly, reflecting current not past wholesale costs. So today's cheapest fix lets you lock in a rate at less than the current Cap, far less than the July Cap, and very likely less than the Cap starting in October for the rest of the year. So, if you want peace of mind, that is the risk-averse option. 

If you're already on a fix, the decision is far more nuanced - see I'm fixed is it worth re-fixing now. So, let me and the team talk you through the details below...

1. New. Cheapest fix and it's from a big name. A fixed tariff is where you lock in a rate for a set time (you still pay more if you use more, though), giving you the peace of mind of price certainty - and currently instant savings too. Often you say to us you don't want to fix unless it's a name you know, so we've sorted this...

Our new British Gas Fixed Exclusive Aug27 v4 tariff locks in the rates you pay until Aug 2027. At the time of writing (2pm Tue), when you include the MSE £20 dual fuel cashback, it is the market's joint-cheapest fix (as things can change rapidly, the link goes via our comparison, so you can see any new deals) - and far cheaper than any other big names.

In fact, it's 9% cheaper (equiv £150 on typical use) than the cheapest fix on British Gas' own site. 

- It's monthly Direct Debit, or quarterly cash or cheque. For other payment methods, do a comparison to find the cheapest.
- It's dual or single fuel. It can be for gas-only, electricity-only, or dual-fuel (ie, have both).
- No Smart Meter needed. Though it's fine if you have one. 
- It has agreed to MSE enhanced service. If there's an issue, always communicate with British Gas first, but if it doesn't sort it, contact our Energy Club help and we have the ability to try and escalate it.
- Early-exit penaltie