Energy prices about to leap

loan8r

Hi all I have been on Eon's fixonline 8 for the last year and it is coming to an end on the first of july.
So to keep one step ahead of the game I have started looking for a new plan to switch to.
I am dismayed to find even the best will hike my annual bill by £240 :eek:
Am I missing something or have I just been on the best tariff in the world for the last year ??

Any advice please ?

Thanks, Mark.

shortchanged_2

They're all talking about it. Huge rises in the near future, probably just in time for the winter months.

Call me cynical but.....................you just know it's going to happen.

loan8r

They're all talking about it. Huge rises in the near future, probably just in time for the winter months.

Call me cynical but.....................you just know it's going to happen.

Yes I know thats on the cards but this massive rise is before the next round of theft, Ahm, rises.

crunchynuts

Just applied to fix with EDF Fixed Price 2014 and prices should still be around £100 a month for dual fuel (currently with Atlantic)...yes we have an old, cold house but we also like to stay warm

shortchanged_2

loan8r wrote: »

Yes I know thats on the cards but this massive rise is before the next round of theft, Ahm, rises.

It's all to do with the wholesale prices apparantly.

What I find confusing though is the degrees of rise and falls never seem to fairly counter each other. We see the massive rises when the prices go up but the reductions are often insignificant by comparison.

Lorian

Fixonline 8 was brilliant. I'm looking at around a 16% hike when it ends next month.

crunchynuts

Lorian wrote: »

Fixonline 8 was brilliant. I'm looking at around a 16% hike when it ends next month.

That's not too bad considering that the market has increased by about that much in the last year. In the present climate of perpetual increases, I personally like to fix for longer than a year.

grahamc2003

I'm not really sure why anyone exects anything other than high energy price rises over the coming years. The government is ensuring high rises will occur - it's the result of loading bills with all manner of government inspired initiatives - and that of course is built in irrespective of future input energy costs, such as world price for gas, coal and oil.

All manner of subsidies and other costs are now loaded onto electriciy bills for instance, and these subsidies will rise rapidly in the future. So we subsidise eg windfarm construction, then we pay further with high operational subsidies, for both generation and non-generation, and we guarantee to buy all the output at a high price, well above marke price - all on our bills. Furthermore, the cost of enlarging the grid to such windfarms, which are often in remote locations or the sea, is also slapped onto our bills. (that cost is in the billions btw). Then we are decommissioning coal stations which the owners have taken the decision aren't worth spending on to meet future emission requirements - so we have to pay for their replacement, whatever that may be. At the same time, we shall be decommissioning sevral Nuclear stations reaching the end of their lives, and the replacement of those will be many more billions unavoidable onto out bills.

A recent Mail article suggested that bills will rise by 11%pa for several years, and posters here were a bit up in arms at such a predicition. I'll be extremely pleased if rises are held to that level - I'm expecting rises well above that each year for several years in order to raise the capital for the infrastructure and increasing subsidy costs.