Consumers considering opting for a capped deal on energy prices should think carefully about which provider they opt for as the wrong move could prove costly.

As the price of gas and electricity is on the rise, the idea of a capped bill – where consumers can limit the risk of a high bill – is proving more popular.

Which is why it is advisable to always look out for the best rates on the market, check the UK Net Guide Energywatch accredited energy comparison tool for the best money saving deals currently on offer.

For capped deals on gas until 2010, British Gas charges £717.79* for gas – compared with £685.74* for Powergen and £624.95* for EDF Energy.

Capped deals for electricity are also lower as British Gas charges £416.10 compared with £410.05* at Powergen and £370.34* at EDF Energy until 2010.

The Head of Utilities for a leading price comparison site said "Price protection does come at a high cost and it is important consumers do not rush into purchasing a capped deal,"

"However, with the likelihood of further increases in the future I would urge customers to consider a capped deal whilst ensuring they choose the right tariff, not paying over the odds for their gas and electricity."

Save yourself some cash and see if it’s worth you switching energy providers with our Energywatch accredited comparison tool

*Prices correct at date of publication.