Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • pacman
    • By pacman 13th Mar 17, 5:29 PM
    • 147Posts
    • 4Thanks
    pacman
    Gas prices: where are they heading?
    • #1
    • 13th Mar 17, 5:29 PM
    Gas prices: where are they heading? 13th Mar 17 at 5:29 PM
    Fixed deal coming to an end. Seen a 2 year fix deal with Better Energy which is slightly higher than a 1 yr deal. Done a rough calculation and prices would have to be 11% higher than the 1 yr fix to be worthwhile. thanks for any help.
Page 1
    • Hengus
    • By Hengus 13th Mar 17, 5:44 PM
    • 3,707 Posts
    • 2,009 Thanks
    Hengus
    • #2
    • 13th Mar 17, 5:44 PM
    • #2
    • 13th Mar 17, 5:44 PM
    Zog has just reduced its gas tariffs. Gas doesn't have as many Govt imposed taxes as electricity. My guess is that prices are going to be pretty static for the next few months unless the £ tanks - and then we are all doomed.
    Last edited by Hengus; 13-03-2017 at 5:48 PM.
    • teddysmum
    • By teddysmum 13th Mar 17, 5:54 PM
    • 7,761 Posts
    • 4,600 Thanks
    teddysmum
    • #3
    • 13th Mar 17, 5:54 PM
    • #3
    • 13th Mar 17, 5:54 PM
    I remember this situation of long or short fix being discussed some years ago and it was pointed out that there would need to be a large price increase to balance the much higher tariff imposed for a longer fix.


    Gas prices don't appear to fluctuate as much as electricity ones, so perhaps the shorter fix is better.
    • Cardew
    • By Cardew 13th Mar 17, 6:12 PM
    • 26,575 Posts
    • 12,805 Thanks
    Cardew
    • #4
    • 13th Mar 17, 6:12 PM
    • #4
    • 13th Mar 17, 6:12 PM
    Gas prices: where are they heading?
    Also who will win the 2:30pm at Newmarket
    • phillw
    • By phillw 13th Mar 17, 6:26 PM
    • 588 Posts
    • 252 Thanks
    phillw
    • #5
    • 13th Mar 17, 6:26 PM
    • #5
    • 13th Mar 17, 6:26 PM
    Also who will win the 2:30pm at Newmarket
    Originally posted by Cardew
    Probably the favourite. Figuring out whether you're better off fixing for 1 or 2 years is harder. I only ever fix for the shortest time, cash back from switching more than makes up for the energy increase next year. I have low energy bills though, YMMV. Although I didn't get cash back from switching this year as I went to Iresa, which were considerably cheaper than everyone else for me.

    Sterling collapsing after brexit is the biggest known unknown. I think it's unlikely that the full extent of that will have hit us within the next 12 months though. In the worst case scenario then what energy tariff you're on will be the least of your concern. Signing up for a long tariff may not be a good idea if your back up plan is to escape to a country with a better economy (which by then could be Greece).
    Last edited by phillw; 13-03-2017 at 6:38 PM.
    • ASavvyBuyer
    • By ASavvyBuyer 13th Mar 17, 8:51 PM
    • 393 Posts
    • 989 Thanks
    ASavvyBuyer
    • #6
    • 13th Mar 17, 8:51 PM
    • #6
    • 13th Mar 17, 8:51 PM
    For us, the 2 year fixed deal from Zog was only about £7 a year more for the security of a guaranteed price for the longer period. Felt it was very unlikely that the unit rate (and standing charge) would drop enough to make it worthwhile switching to another company or tariff, but if it does, can always pay the exit fee and move on.
    Rhondda Cynon Taf, 4kWp, W roof, 30° pitch, 16 x 8.33 Eternity 250w E+10 panels, Solar Edge SE4000-16A Inverter + P300 Optimisers & REUK Diverter
    + Toshiba RAS-10G2KVP-E Ultra High Efficiency Air Conditioner/Heat Pump
    • brewerdave
    • By brewerdave 14th Mar 17, 12:28 PM
    • 4,310 Posts
    • 1,749 Thanks
    brewerdave
    • #7
    • 14th Mar 17, 12:28 PM
    • #7
    • 14th Mar 17, 12:28 PM
    Surprised that the OP found 2 Year fix with Better Energy that much more - I found that the difference in my bills would have been only #3% more in year one so I went with 2 yr fix.
    • phillw
    • By phillw 14th Mar 17, 1:52 PM
    • 588 Posts
    • 252 Thanks
    phillw
    • #8
    • 14th Mar 17, 1:52 PM
    • #8
    • 14th Mar 17, 1:52 PM
    Surprised that the OP found 2 Year fix with Better Energy that much more - I found that the difference in my bills would have been only #3% more in year one so I went with 2 yr fix.
    Originally posted by brewerdave
    I just did a quote and I got exactly the same price for March 2018 and March 2019 online tariffs. However they are both around £11 a year more than getting my gas from Iresa.

    It looks like I could save £13 a year by splitting gas and electricity though (economy energy + robin hood energy).
    • teddysmum
    • By teddysmum 14th Mar 17, 4:29 PM
    • 7,761 Posts
    • 4,600 Thanks
    teddysmum
    • #9
    • 14th Mar 17, 4:29 PM
    • #9
    • 14th Mar 17, 4:29 PM
    I just did a quote and I got exactly the same price for March 2018 and March 2019 online tariffs.
    Originally posted by phillw


    This was for different companies, as it wouldn't make sense for one company to offer the same price on different fixes ?
    • pacman
    • By pacman 14th Mar 17, 6:52 PM
    • 147 Posts
    • 4 Thanks
    pacman
    For info: Bristol Energy 1 yr fix £1217
    Better Energy 2 yr fix £1294


    so Better energy 6% more expensive in yr1. to make the 2 yr deal worthwhile, prices after the 1 yr fix would have to increase by 11% I think.
    • phillw
    • By phillw 15th Mar 17, 1:59 PM
    • 588 Posts
    • 252 Thanks
    phillw
    This was for different companies, as it wouldn't make sense for one company to offer the same price on different fixes ?
    Originally posted by teddysmum
    Same company, I went direct to their web site.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,973Posts Today

6,594Users online

Martin's Twitter