who else took the gamble and didnt switch to a fixed product

mech_2

Gas prices are only loosely linked to oil prices. UK gas prices are seasonal. As we approach winter the gas spot price will go up, then back down again in the spring.

backfoot

I took the gamble to fix with Npower Fixed Price 2011 getting it on the last day it was available. It is already cheaper than all but Click Energy 5 with BG and Eon's Energy Online V8 which have yet to be raised (due to marketing ploys).

Compared to other current fixed price deals it is looking around £350 cheaper than EDF's price protection 2009,which is the next best for me.

It's looking good so far.

1carminestocky

mech wrote: »

Gas prices are only loosely linked to oil prices. UK gas prices are seasonal. As we approach winter the gas spot price will go up, then back down again in the spring.

Aaahhh, thanks for that. 'Loosely linked', eh? :rolleyes:

elektra

Alias_Omega wrote: »

and if oil keeps falling, gas & electric prices fall.

all those locked in on 'Price promises' till 2011 will see themselves being charged loads, and when they try to switch, high early termination fee's too..

I'm fairly sure my SP fixed 2011 deal did not have termination fee.

wakeupalarm

Brent crude is down to $105 today with the Mexican Gulf totally shut down. Lets see what the excuses in the next round of price hikes in January they come up with. Probably something along the lines of needing money for investment in storage facilities
and there will be no mention of linking of prices to oil.

1carminestocky

wakeupalarm wrote: »

Brent crude is down to $105 today with the Mexican Gulf totally shut down. Lets see what the excuses in the next round of price hikes in January they come up with. Probably something along the lines of needing money for investment in storage facilities
and there will be no mention of linking of prices to oil.

They seem to have gone very quiet on the 'gas price is linked to the price of oil' mantra just lately. I wonder why :rolleyes: We are now informed it is only 'loosely linked' No wonder the energy companies have such low credibility with the general public.

Jules22

i NEVER fix any prices or mortgage rates.

i dont like a slap in the face when the term expires. its false economy.

backfoot

Jules22 wrote: »

i NEVER fix any prices or mortgage rates.

i dont like a slap in the face when the term expires. its false economy.

I get it. You pay more than is necessary all the time,then when you do change it's not such a shock if prices have gone up. ......:rotfl:

DGJsaver

backfoot wrote: »

You pay more than is necessary all the time,

How so , if they havent fixed at a higher rate.....?

backfoot

DGJsaver wrote: »

How so , if they havent fixed at a higher rate.....?

Of course you are right. But jules was suggesting that even if the rate to fix wasn't higher then they still wouldn't do it. That's what I found strange. If you look at my example above in this thread,then what was being suggested was that even if i have done the right thing to switch to fixed(which looks a pretty safe bet),then in 2011 I will regret it because of the prices then.It doesn't stack up.