British Gas launches fixed energy tariff that cuts bills if prices fall

British Gas has reportedly launched a new fixed energy tariff, marking a major shift to protect households from rising bills while empowering customers to benefit if energy prices fall in the future.

While the new “Fix&Fall” tariff fixes gas and electricity rates for two years, giving customers certainty over payments during a period of continued market uncertainty. 

British Gas said that the tariff will reduce rates after 12 months if the Ofgem energy price cap falls on July 1, 2027.

British Gas also clarified that the customers on the tariff could save up to £50 a year on average dual-fuel prices until next summer.

In this connection, Gary Booker, Managing Director of British Gas said: “ With Fix&Fall, we want to give customers the real peace of mind that we know they want.”

“Their prices won’t go up for the next two years, but if the prices do fall in the next year then we’ll automatically lower the rates.”

British Gas is efficiently working to recall households struggling with bills that financial support schemes are available. 

The company announced a £40 million support package earlier this month for individuals facing financial constraints. 

Additionally, the funding will provide certain advice and fuel-poverty programmes through the British Gas Energy Trust.