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Plushchris
Posts: 3,592 Forumite
in Energy
Martins advice is to "cap now"
But be aware there are only 2 "capped" tariffs available (Scottish Power and E-on) and these are not likely to show up near the top of your price comparison because they just arent that cheap.
The rest are all "Fixed" tariffs.
Capped means prices wont go up but can come down.
Fixed means just that, wont go up, wont go down.
For such a champion of people that have been mis-sold products and policies it really surprises me that Martin continually refers to these deals as "capping" when there is such a difference in both prices and the terms.
I'm fairly sure that if I signed up to a fixed tariff after being told it was capped then there would be a case for mis-selling if prices dropped and mine didnt.
I dont really disagree with Martins article, it could well be a good time to cap/fix your prices, just make sure you know what you are signing up to is all I'm saying.
But be aware there are only 2 "capped" tariffs available (Scottish Power and E-on) and these are not likely to show up near the top of your price comparison because they just arent that cheap.
The rest are all "Fixed" tariffs.
Capped means prices wont go up but can come down.
Fixed means just that, wont go up, wont go down.
For such a champion of people that have been mis-sold products and policies it really surprises me that Martin continually refers to these deals as "capping" when there is such a difference in both prices and the terms.
I'm fairly sure that if I signed up to a fixed tariff after being told it was capped then there would be a case for mis-selling if prices dropped and mine didnt.
I dont really disagree with Martins article, it could well be a good time to cap/fix your prices, just make sure you know what you are signing up to is all I'm saying.
Missing Tesco R&R since Feb '07 :A & now a "Tesco veteran" apparently! 
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