Comparison site says Npower is cheapest, but is it really after increases in Nov

reddyman

Comparison site says Npower is cheapest, but is it really after price increases in Nov?

Moneysupermaket says npower is cheapest for me on the Energy Online 2014 tariff. This will be 3% cheaper than Npower’s standard variable charge.

However I have read they will be increasing their prices on 26th Nov. Does the price comparison site take this into account when quoting? I have tried to find the new price on Npower’s website, but all I can do is get a quote.

I already switched stupidly 2 days ago, and just read in the MSE email from Martin not to just switch to the cheapest on a comparison site for exactly the above reasons..

Should I cancel? I think this may end up costing me more if the new prices come into effect…

Please advise.

Thanks.

victor2

If you want to be sure about your prices for the duration of the tarrif, go for a fixed price one. Prices are almost inevitably going to go up, so one that tracks 3% below standard will also go up.
You pay a bit more initially for a fixed price tariff, but are likely to save as standard prices increase and yours don't.
It's a gamble, but what's it worth to know what your unit rates will be for at least one winter?