Oil below $50 a barrel - can someone explain why my bills are not reducing?

lstar337

Diychap wrote: »

If eventually gas prices come down, the isn't it mad to go for the fixed price deals, like the new coop fixed price deal that is being pushed as a great deal?

If you are concerned, stick to short fixes or fixes with no penalties for leaving early.

I can't see prices dropping by a lot and/or quickly, but I expect them to stay level for a while.

Petrol and diesel are much more closely related to crude, and even they aren't dropping that fast or by enough.

Andy_WSM

lstar337 wrote: »

My point is that they can be the cheapest under the right circumstances, therefore they cannot be a 'Rip-Off'.

That's a fair point. Agree with you there.

For years Eon were my supplier of choice. Their price, while not always the cheapest, was very competitive. However; that's not the case right now - by about 20%. I would have expected their prices to be dropping, but that's not being seen either, is it?

NittyGritty

gardner1 wrote: »

Energy companies will say they bought gas up to 2yrs ago.........which should mean lower prices in a year or two

you really believe that?



as soon as oil starts rising again you can be sure energy companys will use that as an excuse and hike prices as soon they can.


its funny tho, that when they oil prices and other factors drop they never seem to be as quick to cut prices, stange that one hey?

Bluebirdman_of_Alcathays

NittyGritty wrote: »

you really believe that?



as soon as oil starts rising again you can be sure energy companys will use that as an excuse and hike prices as soon they can.


its funny tho, that when they oil prices and other factors drop they never seem to be as quick to cut prices, stange that one hey?

The reason (as stated many times) is purely political - there is an artificial hold on prices until the uncertainty is over, and the bosses of energy companies have been clear on this.

http://www.theguardian.com/money/2014/aug/22/npower-blames-labour-energy-price-freeze

lstar337

Andy_WSM wrote: »

That's a fair point. Agree with you there.

For years Eon were my supplier of choice. Their price, while not always the cheapest, was very competitive. However; that's not the case right now - by about 20%. I would have expected their prices to be dropping, but that's not being seen either, is it?

I see what you say about EON, they have indeed dropped way down the list.

gardner1

NittyGritty wrote: »

you really believe that?



as soon as oil starts rising again you can be sure energy companys will use that as an excuse and hike prices as soon they can.


its funny tho, that when they oil prices and other factors drop they never seem to be as quick to cut prices, stange that one hey?

not for one minute do I believe it....more chance of finding Elvis and lord Lucan on the moon

Pincher

The MSE E.On collective switch was pretty cheap, wasn't it?


Even existing E.On customers were allowed to switch and get the £30 cashback, apparently.


The last competitive E.On tariff was SaveOnline 9, two or three years ago. Even earlier, the glorious FixOnlines, some of which had 23.6% online discount.


They can keep the standard tariff frozen, but introduce a 30% discount for operating the account online. Makes perfect sense to me.