Are energy price falls imminent?

wakeupalarm

Martin/MSM plc should be on the ball here. Where is his "prices about to fall do not fix now" article?

undaunted

Terrylw1 wrote: »

Are prices solely linked to oil though? What about the massive waste costs some of these companies have?

and don't forget the ricing price of tea either - somebody has to pay for the cost of their tea machines you know

undaunted

Pincher wrote: »

Do unto them as they unto us.

They try to start rumours about prices going up, so we are panicked into fixing at silly high prices.

We need to start a rumour about a secret energy suppplier that is just so much better, on price and service and panic the energy companies into polishing up their act.

Let's call it Omega Ltd. The last company you will ever need.

Shall we "club in" and register them at Co.s House?

undaunted

wakeupalarm wrote: »

Martin/MSM plc should be on the ball here. Where is his "prices about to fall do not fix now" article?

Perhaps he's still recovering from an almighty hangover after receiving all that cash? (I would be, wouldn't you?)

grahamc2003

Six months on, I just wondered whether the imminent price falls happened?

chris1973

I just wondered whether the imminent price falls happened?

As the Winter is appearing to be very mild and the "beast from the east" predicted before Xmas never happened I suspect a few energy companies are crapping themselves about now, and I reckon prices may fall in the coming months (just as they did last February when the worst of winter had passed with no real cold snap).

With energy prices so high, people and businesses are already being extremely careful and economical with their heating use, when you add in our current overnight temperatures of 8c - 10c in January with no lying snowfall anywhere as we race through mid-winter towards spring is generally not a good combination for Energy Companies and their profits.

Looking back at historical price drops over the past seven years, they've generally occured as a result of a mild winter or start of spring (go figure)

I'm a member of several weather discussion forums, and the general opinion is that this current Mild / Murky theme is blocked in for several more weeks to come yet so the chance of any long cold snap or even any real Snowfall for England and Wales is becoming less and less likely with every weather model run.

So lets give it another few months.

rogerblack

wakeupalarm wrote: »

18 month low in the price of oil
http://uk.finance.yahoo.com/news/brent-ends-18-mth-low-191243420.html

Where are the energy companies with their price cuts?

18 month low in the price of oil - in June 2012.
At the beginning of August, it went back up.
At the moment, the oil price is bouncing around 110-120$/bbl.

Looking at yearly averages - the oil price has never been higher.

http://www.infomine.com/investment/metal-prices/crude-oil/1-year/

grahamc2003

chris1973 wrote: »

As the Winter is appearing to be very mild and the "beast from the east" predicted before Xmas never happened I suspect a few energy companies are crapping themselves about now, and I reckon prices may fall in the coming months (just as they did last February when the worst of winter had passed with no real cold snap).

With energy prices so high, people and businesses are already being extremely careful and economical with their heating use, when you add in our current overnight temperatures of 8c - 10c in January with no lying snowfall anywhere as we race through mid-winter towards spring is generally not a good combination for Energy Companies and their profits.

Looking back at historical price drops over the past seven years, they've generally occured as a result of a mild winter or start of spring (go figure)

I'm a member of several weather discussion forums, and the general opinion is that this current Mild / Murky theme is blocked in for several more weeks to come yet so the chance of any long cold snap or even any real Snowfall for England and Wales is becoming less and less likely with every weather model run.

So lets give it another few months.

You can't 'give it a few more months' to see if 'imminent' price falls were coming 6 months ago.

My view is the pattern established over the last couple of years will hold - some tariffs benefiting a very few people will be reduced just after the high usage period ends in March. And this irrespective of the oil price, the weather or anything else, and solely due to PR. The companies can then truthfully say 'we reduced prices' even though the price reductions will benefit only a handful of people. Of course, the pattern will continue with very large rises next autumn, just before the large energy use starts again. The rises then will be large if there's been no oil rise, and very large if there has, and this due to the increasing 'green' indirect taxes loaded onto our bills.

Swipe

chris1973 wrote: »

As the Winter is appearing to be very mild and the "beast from the east" predicted before Xmas never happened I suspect a few energy companies are crapping themselves about now, and I reckon prices may fall in the coming months (just as they did last February when the worst of winter had passed with no real cold snap).

Unfortunately, there's lots of talk in the online weather communities about a severe cold snap coming up towards the middle/end of the month. Lets hope it doesn't happen. I was hoping to get off scott-free again this winter.