Is it worth changing to a capped tariff or staying put & losing annual discount?

joburg6430

Am currently with npower & get annual discount of £84 in my end of year bill (sep-dec). Have been on a couple of comparison sites & can get a capped rate until nov 2009 with e-on that is cheaper than staying with npower on their sign online 6 (would save about £14 per month), but if I switch now I wouldn't get the discount in my dec electric statement...

What would other money savers do - stay put & pocket the £84 then compare again & switch mid December (whilst keeping fingers xd for no other increases in the meantime!) OR switch now whilst its an even playing field & before the next lot of price increases?

KimYeovil

Guess the annual [STRIKE]lock-in[/STRIKE] rebate is not the act of beneficence many seem to think.

joburg6430

I know! I swapped to them when they were the best upon price comparison 18 months or so ago, but not sure what to do now as e-on' s price is only so good due to their 8% discount at the end of the year, so would be tied to them also to get the full benefit of swapping!!!

moonrakerz

joburg6430 wrote: »

Am currently with npower & get annual discount of £84 in my end of year bill (sep-dec). Have been on a couple of comparison sites & can get a capped rate until nov 2009 with e-on that is cheaper than staying with npower on their sign online 6 (would save about £14 per month), but if I switch now I wouldn't get the discount in my dec electric statement...

What would other money savers do - stay put & pocket the £84 then compare again & switch mid December (whilst keeping fingers xd for no other increases in the meantime!) OR switch now whilst its an even playing field & before the next lot of price increases?

1.If the comparison sites know what the price of energy will be between now & Nov 2009 they are a lot cleverer than most people give them credit for !

2. Why do the energy suppliers appear to want to save YOU money by selling you energy at a cheaper price than they otherwise would ?

3. As oil prices have fallen considerably over the last few months, what makes you think that energy prices are going to rise ? Other than the scare stores drip fed by .....guess who ?.... so that every one signs up to a (premium rate) fixed/capped deal.