Price Increases - Any More on the Way?

thor

MillicentBystander wrote: »

But of course contained within Centrica is a gas exploration/excavation/wholesaling arm which you surprisingly omitted from your post. When wholesale prices are high that makes a shed load of money and BG makes 'less'. And vice versa. They basically can't really lose, can they?

I'm not surprised that info was omitted from the post as it would have inconvenienced the arguments of the utility company apologists.

thor

bob_bank_spanker wrote: »

We still have the cheapest gas in europe, my grandmother lives in Germany,

I have heard this being bandied about quite a lot. Does anyone have any figures about typical unit prices in other European countries?

hubb

victor2 wrote: »

Fixing is always a bit of a gamble, you pay for peace of mind and hopefully win in the long run. But as in your example, you could lose out if prices fall.
That's what has made EDF's Blue +Price Promise attractive - there's no penalty for leaving before completion of the tariff. Even makes you accept their (lack of) customer service!

I have always found their customer service to be good.

dealsearcher

Fixing is a gamble not just because prices may fall (fat chance!) but also because the fixed price now is always somewhat more expensive than the best variable price now. Therefore if the price does not subsequently increase for 6 months the following 6 months would have to have a substantial increase for the price fix to be worth while now over the whole year. It would have to be double the intial difference over the first 6 months just to break even.

Now where was my crystal ball?

macman

It's not so much a gamble as an insurance policy. Only you can decide if you want the insurance-for which you pay a premium. The problem now is that the premium is much more expensive than it was back in August/September.