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Help! Not sure if I should cap!

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Simmo2007
Simmo2007 Posts: 24 Forumite
Part of the Furniture 10 Posts Combo Breaker
Hi

I pay £31 a month for gas and electric with EON using Energy Online Saver 5(£372 annually). I was looking at changing and the cheapest cap shows Energy Saver v4 and Price Protection Oct 2009 both at £98 extra annually. With the predicted price increases we would be looking at £5 or under a month. Therefore I'm thinking should we just keep as is for now?

Thanks in advance.:D

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  • space_rider
    space_rider Posts: 1,741 Forumite
    Well your costs arent particularly high anyway and seems you got a good deal for now. I was on the energy online tariffs but capped mine when BG put it up in Feb and Eon increased the next day so I only paid more for the 1 day. Way I see it is if the prices increase by say 22% then you`re going to be paying about £81 more a month anyway. If prices then go up again before Oct 2009 then you will end up saving.
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