Gas - Fix your prices until 2011

lisa1403

protecting your monthly payments until 2011 - is this a good idea? haven't called them yet to discuss

brysiewysie

lisa1403 wrote: »

..... haven't called them yet to discuss

Who are they?

Cardew

Lisa,

There are scores of posts in this section on the merits/demerits of fixing/capping/protecting your tariff.

I suggest you read them, and form your own opinion.

In essence it all depends if, when, and by how much, all the non-fixed tariffs will rise between now and 2011.

backfoot

Guessing you mean British Gas and the answer is a definite no.Do not fix.

Cardew

backfoot wrote: »

Guessing you mean British Gas and the answer is a definite no.Do not fix.

That's decisive!

Any idea who is going to win the 2:30 at Haymarket on 26 June 2009?

backfoot

The premium for BG to fix is by far the most expensive.There are better options available.

Cardew

backfoot wrote: »

The premium for BG to fix is by far the most expensive.There are better options available.

There is no premium to fix BG 2011 as far as I am aware!

It is based on the very expensive(and just increased) BG Standard rate.

Are you not on a 2011 fixed tariff with another company?

I am most certainly not advocating that anyone should accept the BG 2011 fix - I personally wouldn't at the moment. As has been suggested by many people, an internet account(even BG Click) would make more sense.

However I wouldn't rule out changing tariff back to BG fixed in the future if the signs indicated big rises were in the offing.

Sitting on the fence on this issue is a very comfortable position.

1carminestocky

Cardew wrote: »

That's decisive!

Any idea who is going to win the 2:30 at Haymarket* on 26 June 2009?

Has Hezza branched out into horse racing now?


* I think you mean Newmarket.

backfoot

Cardew wrote: »

There is no premium to fix BG 2011 as far as I am aware!

It is based on the very expensive(and just increased) BG Standard rate.

Are you not on a 2011 fixed tariff with another company?

I am most certainly not advocating that anyone should accept the BG 2011 fix - I personally wouldn't at the moment. As has been suggested by many people, an internet account(even BG Click) would make more sense.

However I wouldn't rule out changing tariff back to BG fixed in the future if the signs indicated big rises were in the offing.

Sitting on the fence on this issue is a very comfortable position.

I think we are coming at this from a similar viewpoint. When I said premium I meant to the cheapest tariffs at the moment but also the BG fix comes out much more expensive than the other current fixed deals for me,who is a fairly high user.

Admittedly the deal is to 2011 so that's a compensator.I just don't think its worth fixing at such a high rate.

I was fortunate ( I think) to fix at much lower rates with Npower 2011. BTW, I hate npower with a vengeance but i couldn't ignore the good offer at the time.The original poster left little to advise on but i thought a simple warning away from BG to other alternatives would the best advice and if they wanted more we could fill in the detail.

I think we met on another forum where I fully supported your stance on the NP sculpting heist.:beer:

Chillers

lisa1403 wrote: »

protecting your monthly payments until 2011 - is this a good idea? haven't called them yet to discuss

I'm currently trying to do research to figure out the same thing, but it is easier said than done! According to the switching sites, if I move to this tariff, I will also save 1% per annum. However, I could move to other non-capped tariffs with other companies and save shed loads more, but risk losing out on any oportunity to cap in the future. I think a lot depends on whether you believe the claims that energy prices will go up by a further 20-30% in January. If you do, then you may want to cap, if you don't then you won't!

1carminestocky

Chillers wrote: »

I'm currently trying to do research to figure out the same thing, but it is easier said than done! According to the switching sites, if I move to this tariff, I will also save 1% per annum. However, I could move to other non-capped tariffs with other companies and save shed loads more, but risk losing out on any oportunity to cap in the future. I think a lot depends on whether you believe the claims that energy prices will go up by a further 20-30% in January. If you do, then you may want to cap, if you don't then you won't!

My 'prediction' (OK, guess!) is that is yet more price conditioning by the energy companies! A bit like their 'predicted 70% rise' rubbish of a few months ago. Get people worried about a 70% rise, then bring in a 35% rise and the more gullible of the the GB population actually believe they have got off lightly! To be fair, the GB population (if I may generalise for a bit) have got the energy companies they probably deserve...