The supplier launches 12-month tariff of £2,275, as falling gas prices finally start feeding through to bills.
Energy giant Ovo has launched its first deal for customers cheaper than the government's cap on household bills.
Ovo Energy, which provides power to more than four million homes, said it was launching the tariff because customers wanted "the security of a long term fix to protect them against the continuing energy price uncertainty". "After that, 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."
At that point the government's Energy Price Guarantee - which is being held at current levels until the end of June - will no longer be needed, they add.
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