Households have one week to get £120 off energy bills with a fix deal lower than the looming new price cap, which is due to come into effect on October 1.

Energy providers British Gas, E.On, EDF, and OVO are offering deals up to seven percent lower than Ofgem’s average cap of £1,717 per year for dual-fuel households, resulting in savings of up to £120 a year.

The savings may be especially welcome for state pensioners who will be affected by the Department for Work and Pensions (DWP)