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  • FIRST POST
    • Al Ross
    • By Al Ross 17th Mar 17, 6:18 PM
    • 274Posts
    • 52Thanks
    Al Ross
    Any Chance Energy Bills May Drop
    • #1
    • 17th Mar 17, 6:18 PM
    Any Chance Energy Bills May Drop 17th Mar 17 at 6:18 PM
    Was wondering as the Oil price is falling again,could we possibly see a reduction in Energy prices ? or is that highly unlikely ?
Page 1
    • CashStrapped
    • By CashStrapped 17th Mar 17, 6:35 PM
    • 1,082 Posts
    • 596 Thanks
    CashStrapped
    • #2
    • 17th Mar 17, 6:35 PM
    • #2
    • 17th Mar 17, 6:35 PM
    Maybe in gas, less likely in electric.

    Energy companies can be very quick to raise prices and pass on the full increase in any costs. But, very slow to pass on reductions, often spreading them out over multiple tariffs.

    This is furthermore compounded by £ exchange rate and what happens next month.

    We have had a good few years of slow but consistent price drops. That all changed over the last 12 months or so. Personally, I do not see prices going down (electric especially) any time soon.
    Last edited by CashStrapped; 17-03-2017 at 6:51 PM.
    • teddysmum
    • By teddysmum 17th Mar 17, 7:57 PM
    • 6,810 Posts
    • 3,992 Thanks
    teddysmum
    • #3
    • 17th Mar 17, 7:57 PM
    • #3
    • 17th Mar 17, 7:57 PM
    Npower put up its prices for the March 2018 fix but the April fix is (very) slightly cheaper. The standing charges have gone up but units rates down,so the increase in the former is soon negated.
    • footyguy
    • By footyguy 17th Mar 17, 10:12 PM
    • 2,980 Posts
    • 1,147 Thanks
    footyguy
    • #4
    • 17th Mar 17, 10:12 PM
    • #4
    • 17th Mar 17, 10:12 PM
    Was wondering as the Oil price is falling again,could we possibly see a reduction in Energy prices ? or is that highly unlikely ?
    Originally posted by Al Ross
    Consult a comparison site to find the best deal for you.

    Over the last couple of weeks, we secured a fixed gas tariff following a small drop in price.

    For electric, we were advised of the possibility of saving 4.5% on a variable tariff (or even 5.5% if we opted to pay by DD)
    Since that notification, the existing supplier has notified us of a 15-20% increase in their variable tariff too.

    Perhaps look for a tariff with no early exit fees if you think prices may fall.
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