Another E-ON related thread

Chris1001

I don't know if I'm being overly suspicious, but had a long conversation with a representative from E-ON last week about my energy requirements, and to cut a long story short, she convinced me that it was definitely worth being on a fixed tariff for next year, as energy prices were very likely to increase substantially (again). I'd done a search and was up for signing on with E-ON (actually continuing with present arrangement) but have now agreed to a slightly higher tariff but fixed for 18 months. Someone at work though suggested that what with Libyian oil coming online and energy prices possibly having peaked, this may be a cynical ploy by E-ON. I genuinely hope not, as the representative was very friendly and I was convinced at the time. But now ..... well I'm wondering?
Any thoughts?

DirectDebacle

Whether the work colleague has a better quality crystal ball than those supplied to E-ON reps, is beyond the predictive capabalities of my crystal ball:D (it was a cheapo version)

What you have done is insure yourself against any price increase for the next 18months. Time will tell if that was a wise choice.

Possetjohn

You pays yer money and takes yer choice!! As DirectDebacle says you have bought insurance for the next 18 months.

My gut feeling is we are not going to see any big rises in the next 12-18 months, but I don't think we will see many falls either!

However my gut has been known to err

chanz4

Im in the industry and to be honest, unless your a high user your just buying an insurance policy and paying a higher price for it. By the time prices have caught up to the fixed ones you will of been paying for several months