MSE News: Energy price war to continue, say experts, but no change on standard tariff

Former_MSE_Paloma

"It is unlikely that standard tariffs will fall anytime soon, but more cheap fixes are on the cards ..."

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Energy price war to continue, say experts, but no change on standard tariffs




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[Deleted User]

It's a good thing that standard tariffs aren't coming down... The people on them that are too lazy to switch are subsidising my cheap tariff!:D

oliverfaac

Why is MSE continuing to promote fixed deals at a time when global energy prices (with oil the prime determining factor) are in freefall?? Surely the right strategy in a falling market is to wait, and fix when tariffs have actually fallen? Fixing now on deals which were set up when the oil price was $90/barrel is simply handing the energy companies a guaranteed income stream which will allow them to sit out the current market volatility and take windfall profits!

Bluebirdman_of_Alcathays

oliverfaac wrote: »

Why is MSE continuing to promote fixed deals at a time when global energy prices (with oil the prime determining factor) are in freefall?? Surely the right strategy in a falling market is to wait, and fix when tariffs have actually fallen? Fixing now on deals which were set up when the oil price was $90/barrel is simply handing the energy companies a guaranteed income stream which will allow them to sit out the current market volatility and take windfall profits!

Because the ludicrous situation we're in now (thanks to Red Ed) is that variable prices aren't falling (as per the article), and the cheapest tariffs on the market are long term fixes.

Rikki

billbennett wrote: »

It's a good thing that standard tariffs aren't coming down... The people on them that are too lazy to switch are subsidising my cheap tariff!:D

Some with erratic income cannot take advantage of a direct debit tariff.

Pincher

oliverfaac wrote: »

Why is MSE continuing to promote fixed deals at a time when global energy prices (with oil the prime determining factor) are in freefall?? Surely the right strategy in a falling market is to wait, and fix when tariffs have actually fallen? Fixing now on deals which were set up when the oil price was $90/barrel is simply handing the energy companies a guaranteed income stream which will allow them to sit out the current market volatility and take windfall profits!

I was on Scottish Power ONLINE FIXED PRICE ENERGY MARCH 2015

On 5th April 2014 switched to SP ONLINE FIXED PRICE ENERGY SEPTEMBER 2015


On 28th Ocober 2014 switched to SP Online Fixed Price Energy December 2015


On 1st January 2015 switched to SP Online Fixed Price Energy January 2016

Obviously each was cheaper than its predecessor.
All were one year (roughly) fixes.
Hasn't stopped me from getting the latest cheap deals.

But then, I didn't go through MSE's Cheap Energy Club.

hambones48

I have been getting my dual fuel energy from Cooperative Energy since last September and have only just moved to their fixed price deal ending March 2016. :j Saving another £74.00 a year !
I have no paperwork through to prove this, but I was told on the telephone that if prices go down, my prices will go down, but if prices go up, my prices stay fixed, as I would have expected.
Can anyone confirm this ?

oliverfaac

Hoped we might have had a response from MSE by now?

lstar337

oliverfaac wrote: »

Why is MSE continuing to promote fixed deals at a time when global energy prices (with oil the prime determining factor) are in freefall?? Surely the right strategy in a falling market is to wait, and fix when tariffs have actually fallen? Fixing now on deals which were set up when the oil price was $90/barrel is simply handing the energy companies a guaranteed income stream which will allow them to sit out the current market volatility and take windfall profits!

Because a lot of the fixes have no penalty for leaving, so who cares!

MSE are just posting the details, it is still up to the individual to not make a silly tariff choice.

Nada666

Rikki wrote: »

Some with erratic income cannot take advantage of a direct debit tariff.

Nonsense. Of course they can.

Indeed, they are far more likely to be able to plan their finances and accommodate debits than someone with a regular income.