Energy Prices Increasing - Fix Now?

Legacy_user

Taken from Ovo's website (4 March 2015):

Following an upward shift in wholesale energy costs, we announced a 5.2% price increase on 00.01am Tuesday 3rd March 2015 on our 12-month fixed tariffs (Better Energy and Greener Energy). These changes only affect new and renewing customers and is largely a reflection of a 10% uplift in gas and 6% uplift in power costs caused predominately by political unrest in Ukraine since OVO’s last price drop in January.

On 00.01am Sunday 01st March we dropped our variable prices by 5.8% (based on the average duel fuel customer), with gas prices decreasing by 10.4%. These changes only affect customers who’ve chosen or rolled onto our variable rate plan (Simpler Energy).

footyguy

Daligas have only just reduced their prices ... and they are fixed for 12 months.

https://forums.moneysavingexpert.com/discussion/5187278

System

Interesting. I suppose that timing is everything when it comes to energy purchases. I was hoping to go back to Ovo but not at these prices. I confess that I know nothing about Daligas: from their website it looks a bit 'old fashioned'.

footyguy

Hengus wrote: »

Interesting. I suppose that timing is everything when it comes to energy purchases. I was hoping to go back to Ovo but not at these prices. I confess that I know nothing about Daligas: from their website it looks a bit 'old fashioned'.

Take a look at Zog Energy too.

They've been reducing prices recently (not quite as receently as this week though)

Zog have different prices by region, wheras Daligas charge the same across the country.

Use a comparison site to find the best deal for you

Neither Zog nor Daligas will serve customers supplied via an IGT
(Edit (07 Mar 2014): Zog now accept customers served via an IGT )

System

I have just checked a couple of price comparison sites and I see that, despite the change on the 3rd March, the old Ovo tariff is still showing with exit fees.

poppellerant

Do you have a link to where it says this, as I can't find anything about the rise on OVO's site.

Nada666

You should pretty much fix at any time regardless of the market.

poppellerant

Never mind, found the link:
http://www.ovoenergy.com/press-releases/2015/03/pricing-statement/

lstar337

footyguy wrote: »

Daligas have only just reduced their prices ... and they are fixed for 12 months.

https://forums.moneysavingexpert.com/discussion/5187278

Just initiated a switch to Daligas, their new tariff is stonkingly good and just halved (barring a few pennies) my annual gas bill! :rotfl:

footyguy

Hengus wrote: »

I have just checked a couple of price comparison sites and I see that, despite the change on the 3rd March, the old Ovo tariff is still showing with exit fees.

I used Energyhelpline - it says no early exit fees

(as discussed in this earlier thread
https://forums.moneysavingexpert.com/discussion/5189514 )

... and appears to be the same tariff as was on the Ovo site

System

footyguy wrote: »

I used Energyhelpline - it says no early exit fees

(as discussed in this earlier thread
https://forums.moneysavingexpert.com/discussion/5189514 )

... and appears to be the same tariff as was on the Ovo site

Better Energy Fixed (Online)

Rates fixed for 12 months from supply start date
15% renewable electricity
Exit penalty applies
12 Months
£709.88
-£12.81
(-1.8%)
£60

Still showing the old OVO tariff on a number of other sites.