Are you ready for the price rise?

IvanOpinion

It is expected that gas and electricity prices will rise in the next few weeks with most companies probably waiting to see what BG's intentions are. Have you considered switching to a fixed rate, capped rate .. if you qualify, have you considered one of the social tariffs etc.

Ivan

hubballi

I have just got a fixed rate with N Power until Aug 2009. Only £40 a year estimate higher than what I pay now so I am happy with that if the prices do go up as predicted.

I emailed Atlantic who are my current suppliers to give them a chance to give me a fixed offer but they never replied.

tomstickland

I've only just started taking an interest in this again. I read reports of possible 40% increases this year.
I'm currently on BG click energy 1 (I think, or maybe 2).
Service was crap, but prices quite low and finally sorted out the handover.

My annual usage is:
1480 daytime units (4.05 per day)
4300 night units (11.8 per day)

Hence total of 15.8 units, with 70% at the night rate.

I've just looked on USwitch and it reckons the Scottish Power fixed until August 2009 would cost £10 more per year than the current deal I have.
Sounds good to me.

Should I switch?

tomstickland

Right, I've looked up the various tariffs in detail and it looks like the Scottish Power offer would save me £85 per year. I've based this on the unit rates inc VAT, the break point for moving from higher to lower daytime rates and the night time rate.




Comparing

Scottish/ Click1 / Click5

Day1: 22.17 / 26.587 / 31.874
Day2: 9.98 / 10.6 / 11.06
Units per year at rate 1: 900 / 500 / 500
Night: 4.6 / 4.586 / 4.586

Annual cost: £456 / £541 / £593